Database Technology Has Given Us Convenience in Gathering Data; However

question 49

Multiple Choice

Database technology has given us convenience in gathering data; however at the same time,many times it takes away

• A)the ability to find trends in data.
• B)security.
• C)independence.
• D)privacy.

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Definitions:

Normal Good

A type of good for which demand increases as consumer income rises, and decreases as consumer income falls.

Income Elasticity

Income elasticity of demand measures how much the quantity demanded of a good changes as consumer income changes.

Low-quality Beef

This refers to beef that does not meet certain standards of texture, flavor, or nutritional value.

Cross-price Elasticity

Cross-price elasticity measures how the quantity demanded of one good responds to a change in price of another good, indicating the degree of substitutability or complementarity between them.