One Danger from the Loss of Privacy Caused by the Internet

question 34

Multiple Choice

One danger from the loss of privacy caused by the Internet is that employers, banks, and government agencies may

• A) use data to make decisions about our lives without our knowledge.
• B) market to us only products in which we are most likely to be interested.
• C) be unable to find the data they need in the vast stores of unfiltered information.
• D) lose important data if terrorists successfully attack the grid.

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Definitions:

Perfect Competitor

An idealized market structure in which many firms produce identical products, entry and exit are easy, and all participants have perfect information.

Long Run

A period in economics in which all factors of production and costs are variable, allowing for full adjustment to change.

Marginal Cost

The increase in total cost that arises from an extra unit of production.

Total Revenues

Total Revenues refer to the total receipts from sales of goods or services by a company before any expenses are subtracted.