COGNITIVE ASSESSMENT What Is the Purpose of an Internet Protocol

question 65

Multiple Choice

COGNITIVE ASSESSMENT What is the purpose of an Internet Protocol address (IP address) ?

• A) It specifies whether a computer is using a broadband network or a direct-dial network.
• B) It differentiates between a server computer and a client computer and contains codes to identify whether the computer can send data or receive data.
• C) It contains the protocol schema used to identify whether the computer is on a wired or wireless network.
• D) It uniquely identifies the location of each computer or device connected to the Internet.

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Definitions:

Gains From Trade

The benefits that parties obtain from engaging in voluntary trading, often leading to an increase in overall welfare and efficiencies.

Consumer Surplus

The mismatch between the aggregate amount consumers intend and can afford to pay for a product or service and the aggregate amount they really pay.

Producer Surplus

The difference between the amount a producer is willing to accept for a good versus what they actually receive in the market.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, often measured by the area above the supply curve and below the market price.