What Is One Reason It Might Be Difficult to Dissuade

question 24

Multiple Choice

What is one reason it might be difficult to dissuade people from pirating music off the Internet?

• A) Consumer surplus is very high when music is pirated.
• B) In general, consumers get a rush from "stealing."
• C) Consumers mistakenly believe that the Internet is public domain.
• D) Producer surplus is very low when music is pirated.

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Definitions:

Keynesian

Relating to the economic theories of John Maynard Keynes, advocating for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.

Classical

Pertains to the classical school of economic thought, focusing on free markets and the self-regulating nature of economies, emphasizing the roles of competition and supply and demand.

Monetarists

Monetarists are economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods.

Supply Side

An economic theory that emphasizes the importance of increasing production and supply as a way to stimulate economic growth, often through tax cuts and deregulation.