Gladwell (2000) Came Up with the Idea of the ____________________

question 10

Short Answer

Gladwell (2000) came up with the idea of the ____________________ to explain how seemingly small events can have profound impacts on the environment.

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Definitions:

Long Span

A term typically referring to an extensive period or duration, often used in the context of construction (for structures with large distances between supports) or careers (lengthy professional life).

Saving Benefits

The advantages gained from setting aside income or resources for future use, including accruing interest, financial security, and preparedness for emergencies.

Substitution Effect

This refers to the economic theory that as prices rise or fall, consumers will replace more expensive items with less costly alternatives.

Income Effect

Refers to the change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.