Which Statement About Social Media in China Is Accurate

question 37

Multiple Choice

Which statement about social media in China is accurate?

• A)Most Chinese have no interest in social media despite its widespread availability.
• B)The Chinese government announced plans to allow access to social media starting in 2016.
• C)Nearly all Chinese are unwilling to use social media because of its origin as a Western form of communication.
• D)Millions of Chinese use social media despite the Chinese government's efforts to crack down on those who use it to criticize the government.

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Definitions:

Consumer Surplus

The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Producer Surplus

The difference between what producers are willing and able to sell a product for and the actual price they receive, indicating the benefit to producers.

Welfare Loss

A decrease in economic efficiency that occurs when there is an optimal allocation of resources that is not achieved due to various reasons such as externalities or market failure.

Hierarchy of Needs

A psychological theory proposed by Abraham Maslow that categorizes human needs into a five-level model, ranging from basic physiological needs to self-actualization.