Which of the Following Is True of E-Commerce

question 74

Multiple Choice

Which of the following is true of e-commerce?

• A)Lessors cannot use web addresses to lease goods.
• B)Intellectual property cannot be explicitly listed for sale on a website.
• C)A Web contract is not binding, as opposed to an e-mail contract, which is.
• D)A Web contract is not valid if it does not fulfill all the elements of a traditional contract.

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Definitions:

Comparative Advantage

A principle that states a country or individual can produce a particular good or service at a lower opportunity cost than others.

Trade Patterns

The trends and tendencies in international trade, including what goods and services are traded, with whom, and in what direction.

Gain From Trade

The gain from trade refers to the increase in consumer and producer surplus that results from an open market, allowing countries or individuals to specialize in production and exchange.

Carrots

Commonly known as a root vegetable, orange in color, and widely used in cooking for its sweet flavor and nutritional value.