Some Countries Block Access to Social Media Because of Fears

question 25

Essay

Some countries block access to social media because of fears that opposition to the government will be coordinated through social media platforms. What effect would blocking social media have on economic growth in these countries, all other things being equal?

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Definitions:

Short Run

A period in economic analysis during which some factors of production or inputs are fixed, limiting the ability of the economy or firm to adjust.

Long Run

A timeframe in economic analysis where all inputs can be adjusted, allowing for the analysis of long-term strategic planning.

This Firm

A term often used in economic models or discussions to represent a generic company or business under analysis.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs.