The Internet Has Made It Possible to Compare Lots of Prices

question 6

Multiple Choice

The Internet has made it possible to compare lots of prices without incurring a lot of cost.If Internet access is unequally distributed throughout the population one would expect

• A) consumers with internet access to pay a higher price.
• B) consumers without internet access to pay a lower price.
• C) price discrimination against consumers without internet access.
• D) firms to charge the same price to all consumers.

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Definitions:

Repressed Memories

Recollections that are subconsciously suppressed because they are linked to intense stress or traumatic events.

Proactive Interference

The phenomenon where older memories make it more difficult to remember new information.

Dissociation

A mental process of disconnecting from one’s thoughts, feelings, memories, or sense of identity.

Repression

A defense mechanism in psychoanalytic theory where unwanted or uncomfortable thoughts and memories are pushed into the unconscious mind.