Which of the Following Statements Best Describes International Initiatives on Privacy

question 15

Multiple Choice

Which of the following statements best describes international initiatives on privacy?

• A) Although many other countries have regulations and restrictions on privacy and the Internet, none are as stringent as those in the United States.
• B) Russia is at the forefront of privacy regulation and has taken drastic measures to protect the privacy of its citizens within Russia and around the world.
• C) Japan has demonstrated relatively little concern about protecting the privacy of its citizens and has few regulations about online privacy.
• D) In the international realm of privacy regulation, the United States is not the strictest but does attempt to protect its citizens' privacy.
• E) In general, European privacy regulations are less stringent than those of the United States and Japan.

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Definitions:

Price Floor

A legal minimum on the price at which a good can be sold.

Consumer Surplus

The variation in the comprehensive amount consumers are willing to layout for a good or service and the actual layout.

Total Surplus

The sum of consumer and producer surplus, representing the overall benefit to society from the production and consumption of goods and services.

Equilibrium Price

The market price at which the supply of an item equals the quantity demanded, leading to an economic state of balance.