ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which best shows how the Internet affects the economic decisions people make?
A
The availability of information allows people to consider more options.
B
Customer reviews are leading people to make poorly informed choices.
C
The convenience of e-commerce is eliminating most retail stores.
D
Internet advertising is the most effective form of advertising.
Explanation: 

Detailed explanation-1: -Which best shows how the Internet affects the economic decisions people make? The availability of information allows people to consider more options.

Detailed explanation-2: -In which way does the Internet influence the economic decisions people make? The information that is accessible allows consumers to consider every available option.

Detailed explanation-3: -Which explains why the Internet can help people make better economic decisions? Information is crucial for making good decisions. all correct !

Detailed explanation-4: -Microeconomics studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption.

There is 1 question to complete.