Existing Auction Sites, Such as EBay, Are Inherently More Valuable

question 15

Multiple Choice

Existing auction sites, such as eBay, are inherently more valuable to customers than new auction sites.This is called a(n) ____.

• A)opt-in effect
• B)lock-in effect
• C)lock-out effect
• D)opt-out effect

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Definitions:

Civil Liberties

Individual rights protected by law from unjust governmental or other interference.

Great Depression

A severe worldwide economic depression that took place during the 1930s, notable for its duration, widespread poverty, and impact on global economies.

Flappers

Young women of the 1920s whose rebellion against prewar standards of femininity included wearing shorter dresses, bobbing their hair, dancing to jazz music, driving cars, smoking cigarettes, and indulging in illegal drinking and gambling.

Smoot-Hawley Tariff

A U.S. law enacted in 1930 that raised import tariffs on thousands of products, contributing to the severity of the Great Depression by restricting international trade.