Multiple Choice
Which of the following best explains why moving products internationally is much more complex than domestic transport in the context of externalities, social benefits, and social costs?
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7. Externalities
Externalities: Social Benefits and Social Costs
Multiple Choice
The increased use of the internet presents a lot of potential for which types of businesses?
A
Industries with limited technological adoption
B
Traditional brick-and-mortar stores with no online presence
C
Online retail and e-commerce businesses
D
Businesses that rely solely on face-to-face interactions
Verified step by step guidance1
Step 1: Understand the nature of the internet as a technological platform that facilitates digital communication, transactions, and information exchange.
Step 2: Identify which types of businesses can leverage the internet effectively. These are typically businesses that can operate or expand their operations online, such as online retail and e-commerce businesses.
Step 3: Recognize that industries with limited technological adoption or traditional brick-and-mortar stores without an online presence may not benefit as directly or immediately from increased internet use.
Step 4: Consider that businesses relying solely on face-to-face interactions may face challenges in utilizing the internet to increase their market reach or sales.
Step 5: Conclude that the increased use of the internet presents the most potential for businesses that can conduct transactions and interact with customers online, specifically online retail and e-commerce businesses.
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