The Increasing Use of Reddit, YouTube, Instagram, Snapchat, Pinterest, Facebook

question 16

Multiple Choice

The increasing use of Reddit, YouTube, Instagram, Snapchat, Pinterest, Facebook Twitter, and other social media outlets is most likely to __________.

• A) eliminate our need for face-to-face communication
• B) decrease people's responses to the issues of the day
• C) enhance awareness of personal, social, and political issues
• D) increase agreement between all kinds of communicators

Explain the self-correction mechanism in the economy according to different economic theories.

Discuss the impact of tax policies on economic growth and stability.

Describe the monetarist perspective on money supply management and its implications for inflation and economic output.

Understand the rationale behind the Laffer curve and its significance in supply-side economics.

---

Definitions:

Bubble Gum

A type of chewing gum designed to be inflated out of the mouth as a bubble.

Income

Money received, especially on a regular basis, for work or through investments.

Blue Currency

Informal term possibly referring to a foreign currency held in accounts outside the country of origin, often in a stronger, more stable currency.

Ambrosia

In classical mythology, the food of the gods, believed to convey immortality; in contemporary contexts, a type of fruit salad.