Suzy Loses Her Smartphone in a Concert

question 72

Multiple Choice

Suzy loses her smartphone in a concert. She uses a software to remotely erase all the data on her device. She also sends an alarm signal to her device through the software. Identify the software that Suzy has used .

• A)Hot potato
• B)Panic ware
• C)Thin ice
• D)Kill switch

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Definitions:

Producers

Entities or individuals that create goods or services for consumption by consumers.

Excise Tax

A tax charged on specific goods, such as alcohol and tobacco, usually imposed to discourage certain behaviors or generate revenue.

Tax Burden

The distribution of tax payments among individuals or groups, often discussed in the context of equity and fairness.

Deadweight Loss

It represents the loss of economic efficiency when the equilibrium for a good or a service is not achieved or is not achievable.