A Wiki

question 71

Multiple Choice

A wiki

• A)consists of short audio and video files that deliver repetitive information and that can be downloaded and played on numerous devices.
• B)is a website with journal entries on a variety of topics.
• C)is a Web-based tool that uses collaborative software to allow multiple users to create, access, and modify documents.
• D)is a brief message exchanged in real time using a short message service supplied by a cell phone provider or a voice over Internet protocol service.

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Definitions:

Hurricane Katrina

Hurricane Katrina was a devastating Category 5 hurricane that struck the Gulf Coast of the United States in August 2005, causing widespread destruction and significant loss of life.

Supply of Oil

The total volume of oil that producers are willing to sell at various price levels during a certain time period.

Gasoline

A volatile, flammable liquid primarily used as fuel in internal combustion engines.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity demanded, hence, the market is in balance.