Barb Is the Librarian for Her University

question 111

Multiple Choice

Barb is the librarian for her university.Barb is finding that more and more of the library material is in digital form and the amount of it is just exploding.She determines that the library needs to keep current with this pace so she is looking to purchase more secondary storage.This is an illustration of ________.

• A)Clark's Law
• B)the Law of Mass Digital Storage
• C)network economics
• D)Moore's Law

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Definitions:

State Excise Tax

Taxes imposed by a state on particular goods or activities, such as alcohol, cigarettes, and gasoline.

Federal Excise Tax

A tax imposed by the federal government on the sale of certain goods and services, such as gasoline, alcohol, and tobacco.

Efficiency Loss

The loss of economic efficiency that can occur when the balance between supply and demand is not achieved or when market conditions lead to a misallocation of resources.

Marginal Benefit

The additional satisfaction or utility gained by consuming or producing one more unit of a good or service.