Jared Decided to Remove Himself from Social Media for One

question 50

Multiple Choice

Jared decided to remove himself from social media for one week.During that time,he did not check his Facebook,Twitter,Instagram,or Snapchat accounts.It didn't take long for Jared to feel isolated and that he was missing out on what was happening around him.What acronym has been linked to the feeling Jared experienced?

• A)FOMO
• B)YOLO
• C)ICYMI
• D)TTYN
• E)ZMOT

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Definitions:

First Theorem

Likely refers to the First Fundamental Theorem of Welfare Economics, which states that competitive markets lead to an efficient allocation of resources under certain conditions.

Welfare Economics

Welfare Economics is a branch of economics that focuses on the optimal allocation of resources and goods to maximize the social welfare or well-being of the community.

Efficient Allocation

An optimal distribution of resources in an economy, where goods and services are distributed according to consumer preferences with minimal waste.

Marginal Rate

A measure or rate of change of a variable (such as cost or benefit) as a result of a unit change in another variable.