Information Literacy Is the Ability to Find, Evaluate, Use and Communicate

question 1

Multiple Choice

Information literacy is the ability to find, evaluate, use and communicate information in all of its various formats. Information can be classified as: (i) sponsored / commercial, (ii) popular/practitioner, (iii) scholarly.

• A)I and II only
• B)II and III only
• C)I and III only
• D)I, II and III

---

Definitions:

Scarcity

The fundamental economic problem of having limited resources to meet unlimited wants and needs.

Trade-Off

A situation that involves losing one quality, quantity, or property of a set or design in return for gaining another.

Inflation

The speed at which the overall price level for goods and services increases, thereby diminishing the buying power.

Productive Capacity

The maximum output that an economy can produce without increasing inflation, given its current level of resources.