You Should Seek to Be an Informed User of IT

question 54

Multiple Choice

You should seek to be an informed user of IT because ____________.

• A)it is easy to understand how IT works
• B)you could end up working in the IT department in your organization
• C)everyone uses IT
• D)you will be in a position to enhance the quality of IT applications

---

Definitions:

Average Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.

Final Goods

Final goods are products that have completed the manufacturing process and are purchased for consumption by the end consumer rather than for resale or further processing.

Keynesian Point of View

An economic theory suggesting that government intervention through fiscal and monetary policy can mitigate the adverse effects of recessions, depressions, and booms.

Supply and Demand

A fundamental economic model that explains how prices and quantities of goods and services are determined in a market based on the interaction between suppliers and consumers.