The Invention of the Internet Should Make Poorer Countries

question 147

Multiple Choice

The invention of the Internet should make poorer countries

• A)poorer due to the expense of new technology.
• B)poorer because the Internet is primarily in richer countries.
• C)richer because technology adoption is easier.
• D)richer because they can distribute information without costs.

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Definitions:

Normative Economic Statement

Statements that reflect opinions, beliefs, or values about what the economy should be like, rather than what it actually is.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Energy Prices

The cost of energy resources, such as oil, gas, and electricity, which can fluctuate based on supply and demand.

Automobile Companies

Businesses involved in the design, development, manufacturing, marketing, and selling of motor vehicles.