While Watching the Recent Election or SuperBowl, a Twitter Hashtag

question 30

Multiple Choice

While watching the recent election or SuperBowl, a Twitter hashtag was superimposed at the bottom of the television screen, encouraging viewers to tweet their thoughts about the event. Considering that 65 percent of Canadians are also using this space for accessing the internet and using various gadgets, experts are referring to this shift as
The new:

• A)internet domain
• B)digital living room
• C)internet space
• D)digital domain

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Definitions:

Industry-Wide Supply and Demand

The total quantity of goods and services that are available for purchase across an entire industry, alongside the total quantity that consumers are willing and able to buy within that industry.

Short-Run

A period in economics where at least one factor of production is fixed, and firms can't alter all inputs.

Long-Run

A period in economic theory during which all factors of production and costs are variable, allowing for full adjustment to changes.

Economic Profit

The gap between the total earnings of a business and all its costs, encompassing out-of-pocket and opportunity costs.