There Is Increasing Political Discussion About the Difference Between the Information

question 66

Multiple Choice

There is increasing political discussion about the difference between the information rich and the information poor. This is known as the:

• A) information age.
• B) Internet.
• C) public information gateway.
• D) digital divide.

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Definitions:

Total Utility

The total satisfaction received from consuming a given total quantity of a good or service.

Marginal Utility

The additional satisfaction or benefit received by consuming one more unit of a good or service.

Consumer Demand Curve

illustrates the relationship between the price of a good or service and the quantity demanded by consumers over a period, typically showing an inverse relationship.

Diminishing Marginal Utility

The principle that says the additional satisfaction a consumer gains from consuming one more unit of a good or service will lessen with each additional unit consumed.