In 2012, the Total Amount of B2B E-Commerce in the United

question 61

Multiple Choice

In 2012, the total amount of B2B e-commerce in the United States was approximately:

• A) $4.1 billion.
• B) $41 billion.
• C) $410 billion.
• D) $4.1 trillion.

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Definitions:

French Fries

A popular food item made by cutting potatoes into strips and deep-frying them until crispy.

Utility Function

A mathematical representation that relates the total utility an individual derives from consuming different bundles of goods and services.

Indifference Curves

A graphical representation showing combinations of goods that provide equal satisfaction and utility to a consumer.

Vertical Axis

In graphing, the y-axis, which typically represents the dependent variable or the quantity being measured.