Refer to Scenario 3

question 199

Multiple Choice

Refer to Scenario 3.1 below to answer the questions that follow.
SCENARIO 3.1: Rented DVDs and movies shown in theaters are substitutes. Rented DVDs and plasma TVs are complements. Plasma TVs and movies shown in theaters are normal goods. People watch rented DVDs more often in the winter than in the summer.
-Refer to Scenario 3.1. To raise additional revenues, the government imposes an entertainment tax on movie tickets, but there are no new additional taxes levied on rented DVDs. This would lead to

• A) an increase in the price of movie tickets, but no change in the rental price of DVDs.
• B) an increase in the price of movie tickets and the rental price of DVDs.
• C) an increase in the price of a movie ticket and a decrease in the rental price of DVDs.
• D) no change in the price of a movie ticket and an increase in the rental price of DVDs.

Understand the concept of group dynamics and how they influence individual behavior and social cohesion.

Recognize the role of technology and digital platforms in transforming group interactions and memberships.

Grasp the importance of social networks in aspects such as employment and social inclusion or exclusion.

Analyze the significance of group identities, including in-group vs. out-group dynamics, and their impacts on perceptions and behaviors.

---

Definitions:

Software

Programs and other operating information used by a computer to perform specific tasks.

TRIPS Agreement

An international legal agreement between all the member nations of the World Trade Organization, dealing primarily with the rules of intellectual property.

Intellectual Property Rights

Legal rights that grant creators protection and exclusive profit-making opportunities from their inventions, designs, and artistic works.

National Laws

Legislation enacted by a country's legislative body governing the behavior of individuals, entities, and government within its borders.