_____ of the Roughly 1

question 55

Multiple Choice

_____ of the roughly 1.0 billion people around the world who earn less than $1,000 USD per year have access to a computer.

• A) Nearly 0%
• B) Less than 2%
• C) Less than 5%
• D) Less than 7%

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Definitions:

Public Utilities

Essential services provided by both government and private sectors including water, electricity, and transportation.

Efficiency Loss

The cost to society created by market inefficiency, often associated with the misallocation of resources or markets not reaching equilibrium.

Excise Tax

is a tax levied on the sale of specific goods or services, like fuel, tobacco, and alcohol, usually to discourage their use or generate revenue.

Payroll Taxes

Taxes imposed on employers and employees, based on the wages paid to employees, used to fund social security and other programs.