The WhatsApp Application Was Created in 2009,and Has Quickly Risen

question 41

Multiple Choice

The WhatsApp application was created in 2009,and has quickly risen to broad popularity.WhatsApp is a(n) ________ application.

• A) blogging
• B) social networking
• C) instant messaging
• D) microblogging
• E) e-commerce

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Definitions:

Indifference Curves

A graph showing different bundles of goods between which a consumer is indifferent, representing equal levels of utility.

Income Effect

Adjustments in the financial earnings of an individual or an economy and the corresponding effect on the quantity of goods or services demanded.

Indifference Curve

A graph showing different combinations of two goods that give a consumer equal satisfaction and utility.

Utility Level

A measure of the satisfaction or happiness that individuals get from the consumption of goods and services.