Why Are Social Networking Sites Like Facebook and MySpace So

question 127

Multiple Choice

Why are social networking sites like Facebook and MySpace so exciting to sociologists who study social networks?

• A) For the first time, social networking sites offer sociologists a data set rich enough to test ideas that until now have only been theorized.
• B) For the first time, sociologists have realized just how much the Internet has changed social networks.
• C) For the first time, sociologists don't have to spend the time and money to go talk to people and can do all their work from a computer.
• D) For the first time, sociologists can find out what young people's social networks look like.
• E) For the first time, sociologists can track the spread of urban legends.

Understand how labor productivity impacts real earnings and wage growth.

Grasp the concept of marginal revenue product (MRP) and its role in determining employment levels and wages.

Identify the effects of changes in the price level on real wages.

Understand the significance of labor demand and supply in determining employment and wage rates.

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Definitions:

Par Value

The face value of a bond or stock, as determined at the time of issuance.

Reverse Stock Split

A reverse stock split is an action taken by a corporation to reduce the number of its current shares in the market, thereby increasing the share price.

Market Price

The current price at which an asset or service can be bought or sold in a competitive and open market.

Shares Outstanding

Represents the total number of a company's shares that are currently owned by shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.