Digital economy 1
What are the key features of the digital economy?
Global reach, automation, data-driven decision-making, and innovation.
Name two benefits of e-commerce.
Convenience and cost efficiency.
What is utility?
The satisfaction a consumer gets from consuming a good or service.
What are examples of digital finance?
Mobile banking, cryptocurrency, online payments, digital wallets, and fintech services.
How much of the human body is water?
60%.
How does the digital economy impact businesses?
It increases efficiency, reduces costs, and enables global market access.
What is the difference between B2B and B2C e-commerce?
B2B is business-to-business, while B2C is business-to-consumer.
What is the difference between normal and inferior goods?
Normal goods see increased demand as income rises, while inferior goods see decreased demand.
What is mobile banking?
A service that allows users to perform banking transactions using a mobile app.
What is the hardest natural substance on Earth?
Diamond
Name three common digital business models.
E-commerce, subscription, and platform-based models.
Why is data important in the digital economy?
It helps businesses make informed decisions and personalize services.
What is game theory?
A mathematical approach to decision-making in competitive situations
What is the difference between a debit card and a credit card?
A debit card deducts money directly from your bank account, while a credit card allows you to borrow money from the bank.
Bonus points
+500
How does AI contribute to the digital economy?
AI automates tasks, improves decision-making, and enhances customer experiences.
What is cybersecurity?
Protection of digital data from cyber threats and attacks.
What is the money supply?
The total amount of money in circulation in an economy.
What is GDPR (General Data Protection Regulation)?
A law that protects people’s personal data online, including financial data
Which animal has the longest lifespan?
The Greenland shark, living over 400 years.
What is blockchain used for?
Secure transactions, decentralized finance, and smart contracts.
Why is digital ethics important?
To ensure privacy, fairness, and security in digital business practices.
What is a budget deficit?
When government spending exceeds revenue.
What is the future of digital finance?
Increased use of blockchain, AI, and digital banking, with greater security and accessibility.
How many hearts does an octopus have?
Three