When Considering the Quality of a Web-Based Information Source,you Should

question 7

Multiple Choice

When considering the quality of a Web-based information source,you should:

• A)steer clear of commercial pages operated with a profit motive in mind.
• B)check newsgroups for background about the pages you have consulted.
• C)avoid using sites that include material protected by copyright.
• D)use pages that have abundant hyperlinks to outside sources protected by copyright.
• E)check for phone numbers or addresses to verify the legitimacy of the site sponsor.

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Definitions:

Long-Run Equilibrium

A state in which all factors of production are optimally allocated, and firms in a competitive market have no incentive to change their output level or enter/exit the industry.

Expected Price Level

The anticipated average level of prices in the economy for goods and services, often considered in the context of inflation expectations.

Aggregate Supply

The total supply of goods and services produced within an economy at a given overall price level in a given period.

Sticky-Price Theory

A theory proposing that prices of goods do not immediately adjust to changes in economic conditions, causing economic inefficiencies.