IT's Capability to Introduce Ever-Growing Amounts of Data into Our

question 15

Multiple Choice

IT's capability to introduce ever-growing amounts of data into our lives can exceed our capacity to keep up with the data,leading to __________.

• A)digital divide
• B)Net neutrality
• C)large carbon footprint
• D)information overload

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Definitions:

Substitution

Substitution refers to the economic principle where users replace one good or service with another in response to changes in price, technology, or consumer preferences.

Product Transformation Curve

Curve showing the various combinations of two different outputs (products) that can be produced with a given set of inputs.

Diseconomies of Scope

A situation where the cost per unit increases as a company produces more types of products or services.

Economies of Scope

Cost advantages that enterprises obtain due to efficient utilization of resources across multiple products or services.