According to Nan Lin, Social Networks Provide Four Forms of Value

question 97

Multiple Choice

According to Nan Lin, social networks provide four forms of value: information, social credentials, personal reinforcement, and ________.

• A)monetary benefit
• B)popularity
• C)influence
• D)security

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Definitions:

Absolute Value

The absolute value refers to a number's magnitude irrespective of its sign, essentially measuring how far away the number is from zero along the numerical line.

Complementary Good

A complementary good is a product or service that adds value to another product or service when both are used together, leading to an increase in demand for one when the price of the other decreases.

Inferior Good

An inferior good is one where demand decreases as the income of the consumer increases, opposed to a normal good where demand increases with an increase in income.

Price Elasticity

A determination of how price fluctuations affect the demand level for a good.