Teresa Received an E-Mail Message Telling Her to Click on the Link

question 89

Multiple Choice

Teresa received an e-mail message telling her to click on the link in the message to update her account profile at her bank.She did so,was taken to a website that looked like her bank's online banking website,and proceeded to enter all sorts of personal information such as her social security number,checking account number,and credit card numbers.However,this was not a legitimate site for her bank,but rather it was one designed to look like her bank site so thieves could obtain consumers' personal information to steal their identities.Unfortunately for Teresa,$3,000 was stolen from her bank account,and several purchases were made on her credit cards.This activity is known as ____.

• A) skimming 
• B) phishing 
• C) browsing 
• D) searching 
• E) podcasting

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Definitions:

Deadweight Loss

The inefficiency caused by market distortion, typically due to taxes or subsidies, leading to a loss of economic efficiency.

Price Discriminate

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on the willingness to pay of different market segments.

Resale

The act of selling a product or service again, often used goods, to another buyer.

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum possible price for each unit consumed that each buyer is willing to pay, thus capturing the entire consumer surplus.