Which of the Following Is a Correct Argument on the Pros

question 64

Multiple Choice

Which of the following is a correct argument on the pros and cons of conveniently sharing information and protecting privacy?

• A)We have quick and easy access to our contacts on social networking sites, but it is much easier for stalking to occur.
• B)Protecting our privacy is difficult and complicated, even if securing our information makes us feel more comfortable with using the Internet.
• C)We need to be careful about what we post online, particularly since it may be difficult to ensure the security of our information on the Internet.
• D)All of the above are correct.

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Definitions:

Output Effect

The change in total revenue resulting from selling additional units due to a price decrease, in the context of price elasticity of demand.

Income Effect

A change in the quantity demanded of a product that results from the change in real income (purchasing power) caused by a change in the product’s price.

Wage Rate

The amount of compensation offered to an employee per unit of time (e.g., hourly, daily) or piece of work done.

Purely Competitive

Purely competitive markets are characterized by many buyers and sellers, homogeneous products, and the absence of barriers to entry or exit, leading to firms being price takers.