The Concept of a Future Web in Which It Is

question 47

Multiple Choice

The concept of a future Web in which it is commonplace for everyday objects to be connected,controlled or monitored over the Internet is called

• A)the Internet of things.
• B)the Semantic Web.
• C)Internet2.
• D)a 3-D Web.
• E)Web 2.0.

Identify and calculate socially optimal quantities and prices in markets affected by externalities.

Analyze the effects of positive and negative externalities on private and social costs and benefits.

Evaluate the role of government interventions such as taxes, subsidies, and regulations in correcting market inefficiencies caused by externalities.

Distinguish between private and social values/costs in the context of externalities.

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Definitions:

Commercial Banks

Financial institutions that accept deposits, offer various loans, and provide other financial services, like wealth management and currency exchange.

Savings And Loan

Financial institutions that primarily engage in accepting savings deposits and making mortgage loans.

Reserve Requirements

Criteria set by central banks for the minimal amount of reserves that must be kept by banks against the deposits they hold.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.