According to the Eight-Second Rule

question 188

Multiple Choice

According to the eight-second rule,

• A) it only takes eight seconds for someone to learn how to navigate a marketer's website.
• B) any online purchase should take no more than eight seconds to complete.
• C) prospective customers will not wait longer than eight seconds for a response in an online chat.
• D) 50 percent of online consumers will spend less than eight seconds viewing a single webpage.
• E) customers will abandon a website if download time exceeds eight seconds.

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Definitions:

Net Taxes

The difference between the total amount of taxes collected by the government and any transfers or subsidies it pays out.

Spending Multiplier

A concept in economics that quantifies the impact of a change in fiscal policy on the overall economy, indicating how an initial change in spending leads to a larger change in income and output.

Potential Output

The maximum amount of goods and services an economy can produce when it uses its resources fully and efficiently, without causing inflation.

Net Taxes

The total taxes paid to the government minus transfer payments and subsidies received from the government.