Consumers Deftly Use Internet Technology to Seek Information,evaluate Alternatives,and Make

question 17

Multiple Choice

Consumers deftly use Internet technology to seek information,evaluate alternatives,and make purchase decisions on their own time,terms,and conditions.This describes an example of the sixth reason why consumers buy and shop online.

• A)convenience
• B)choice
• C)customization
• D)control
• E)communication

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Definitions:

Minimum Wage

The lowest legal salary that employers can pay workers, set by government law or policy.

Labor Supplied

The total hours that workers are willing to work at a given wage rate, representing the workforce availability in the economy.

Labor Demanded

The total amount of workers that employers in the economy want to hire at a given wage level and time period.

Labor-Force Participation

the ratio of the number of individuals who are working or actively looking for work to the total number of individuals eligible to participate in the workforce.