The Need for International Agreements and Action to Control E-

question 38

Multiple Choice

The need for international agreements and action to control e- commerce is becoming increasingly obvious as a result of which of the following?

• A) Some countries are not taxing e- commerce.
• B) Different countries have different rules, thereby impeding the development of e- commerce by responsible enterprises.
• C) Some countries are not regulating e- commerce.
• D) Different countries have different rules, thereby discouraging the growth of more dubious activities.
• E) all of the above

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Definitions:

Circular-Flow Diagram

A pictorial scheme of the economy, focusing on the exchange of dollars between households and firms through the market system.

Product Market

The marketplace where final goods or services are traded between sellers and consumers.

Circular-Flow Diagram

A visual model that illustrates the flow of goods and services and money between households and firms in an economy.

Household

An individual or group of people living together and making joint decisions regarding consumption and finances.