Based on Convergence Theory,what Can We Conclude About Norms and Crowd

question 58

Multiple Choice

Based on convergence theory,what can we conclude about norms and crowd behaviour?

• A) Collective behaviour adapts to a new cultural norm.
• B) Norms in a crowd are created in a haphazard,meaningless fashion.
• C) Crowds are not irrational.
• D) A single dominant norm is accepted by everyone in a crowd.

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Definitions:

Total Cost

The complete financial outlay associated with the production or offering of goods and services, inclusive of both fixed and variable components.

Pollution

The introduction of contaminants into the natural environment, causing adverse changes and impacting human health and ecological balance.

Output

The total amount of goods or services produced by a business, industry, or economy within a given period.

Bubble Concept

A situation in markets where the prices of assets inflate significantly beyond their intrinsic value, often followed by a crash.