Which of the Following Factors Is Encouraging a Move from Conventional

question 68

Multiple Choice

Which of the following factors is encouraging a move from conventional services toward Internet purchasing?

• A)Ease of access to information
• B)24/7 availability
• C)Prompt delivery
• D)Busier lifestyles
• E)All of the above

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Trade

The process of purchasing, vending, or trading products and services among individuals, corporations, or nations.

Trade

The exchange of goods, services, or both within and between countries.

Deadweight Loss

An economic inefficiency occurring when a market outcome does not maximize total surplus due to a distortion, like a tax or subsidy.