Which of the Following Is an Example of the Social

question 37

Multiple Choice

Which of the following is an example of the social media platform?

• A) blog
• B) Wiki sites
• C) microblog
• D) all of the above

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Definitions:

Socially Optimum

The optimal distribution of resources and production from a societal perspective, where social welfare is maximized.

Social Perspective

The viewpoint focusing on how societal contexts influence individuals and groups, including norms, values, and social institutions.

Marginal Private Benefit

The extra advantage gained by either the consumer or producer from the consumption or production of an additional unit of a product or service.

Efficient

Refers to the optimal use of resources to achieve the desired outcome with minimal waste or effort.