Which of the Following Statements About Who Uses the Internet

question 54

Multiple Choice

Which of the following statements about who uses the Internet most is accurate?

• A) Internet usage is skewed toward older, high-income earners.
• B) Because of its universality, there is no correlation between educational attainment and Internet use.
• C) The younger the person, the more likely they are to use the Internet.
• D) Cellular technology has not yet had an impact on who connects to the Internet.
• E) All of these answers are correct.

---

Definitions:

Perfect Knowledge

A hypothetical situation where all parties in a market have complete and accurate information about the market conditions and the goods or services involved.

Competitive Markets

Competitive markets are characterized by many buyers and sellers, where no single entity has the power to significantly influence prices for goods and services.

Economic Profits

Profits exceeding the total costs of inputs including opportunity costs, typically representing gains beyond the normal profit levels.

Economic Losses

Financial deficits incurred by businesses or individuals, often resulting from poor investment decisions or market downturns.