Jade Puts Up a Collection of Sports Memorabilia for Bids

question 52

Multiple Choice

Jade puts up a collection of sports memorabilia for bids on BuyBay,an Internet auction site. Khalil makes the highest bid and sends the payment,which Jade receives,but she does not send the collection. This is online

• A)hacking.
• B)identity theft.
• C)phishing.
• D)cyber fraud.

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Definitions:

Equilibrium Level

The state at which market supply and demand balance each other, resulting in stable prices.

Exports And Imports

The selling of goods and services produced in one country to another country (exports) and the buying of goods and services from another country (imports).

World Price Level

The average of prices for goods and services across different countries, adjusted for exchange rate differences, reflecting the global cost of living.

Diagram

A simplified drawing showing the appearance, structure, or workings of something, often used for explanatory purposes.