Social Media Has Increased the Sense of Openness in Conversation

question 1

Multiple Choice

Social media has increased the sense of openness in conversation and access to information,often referred to as what?

• A)Transparency
• B)Stealth marketing
• C)Plagiarism
• D)Ethical lapse
• E)Diversity

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Definitions:

Equilibrium

A state where market supply and demand balance each other, and, as a result, prices become stable.

Social Marginal Benefit

The additional benefit to society of consuming or producing one extra unit of a good or service, including both direct and external benefits.

Public Goods

Public goods are products or services that are non-excludable and non-rivalrous, meaning they can be consumed by anyone without reducing their availability to others.

Public Good

Nonexclusive and nonrival good; the marginal cost of provision to an additional consumer is zero and people cannot be excluded from consuming it.