The Internet Is a Worldwide Network

question 121

Multiple Choice

The Internet is a worldwide network. What is the World Wide Web?

• A) It is the same as the Internet.
• B) It is a feature that allows e-mail between computers connected to the Internet.
• C) It is a service on the Internet.
• D) It is an exclusive network of computers separate from the Internet that allows functions such as social sites, resource sharing, blogs, and research.

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Definitions:

Government

An organized system that establishes and enforces rules and institutions to govern a community, region, or country.

Firms

Business entities that produce goods or provide services to consumers, aiming to maximize profits.

Pigouvian Taxes

Taxes imposed on any market activity that generates negative externalities (costs not reflected in the market price) to correct the market outcome.

External Costs

Costs that are not borne by the producers or users of a product or service, but by society or the environment.