SEMI FINAL EXAM IN GEC9N

What is an example of a physical resource?

• Human knowledge

• Digital files

• A computer unit

• Intellectual property

Which of the following is an example of a conceptual resource?

• Buildings

• Equipment

• Human knowledge

• Money

Which characteristic of information allows it to spread quickly, sometimes uncontrollably?

• Expandable

• Diffusive

• Compressible

• Sharable

What does 'compressible' mean in the context of information?

• Information can be summarized without losing key meaning.

• Information can spread quickly and uncontrollably.

• Information can be shared among multiple people.

• Information can be expanded with more details.

What does 'transportable' mean in the context of information?

• Information can spread quickly and uncontrollably.

• Information can be transferred across platforms or individuals.

• Information can be expanded with more details.

• Information can be summarized without losing its key meaning.

What is the significance of browsing previews in information economics?

• They regulate software piracy.

• They help users decide whether to engage with content.

• They allow users to fully engage with content.

• They protect intellectual property.

What is an example of branding and reputation in information economics?

• Illegal copying of software

• Summarizing information without losing meaning

• Trust in a brand influencing information credibility

• Expanding information with more details

What is an example of information overload?

• Trust in a brand influencing credibility

• Summarizing information without losing meaning

• Constant exposure to too much content

• Illegal copying of software

Which of the following is an example of software piracy?

• Using software for personal purposes

• Purchasing software legally

• Illegal copying or distribution of software

• Creating a new software application

What does intellectual property protect?

• Physical assets like buildings

• Digital files stored on computers

• Information shared on social media

• Creations such as books, music, and inventions