The number of Canadian households with access to the Internet and those with broadband connections is growing rapidly. As an economist, one could predict that when a major purchase is being considered, families will:
A) collect as much information as humanly possible beforehand.
B) always buy online.
C) never buy online.
D) collect more information beforehand because the cost of finding and acquiring it is lower.

Question

Quizplus · Accepted Answer

The availability of the Internet and broadband connections reduces the cost and effort required to gather information, making it more likely that families will collect more information before making a major purchase. This is because the Internet provides easy access to a vast amount of information, reviews, and comparisons, making the research process more efficient and less costly in terms of both time and money.

The Number of Canadian Households with Access to the Internet