All of the Following Are Examples of Informational Social Influence

question 130

Multiple Choice

All of the following are examples of informational social influence EXCEPT:

• A) You are running a race, and you wait to check which of two roads the other runners follow.
• B) You've just started work at a new job, and a fire alarm goes off.You watch your coworkers to see what to do.
• C) You ask your advisor which classes you should take next semester.
• D) You decide to lose weight, because the people you see on the covers of popular magazines are thinner than you are and you want people to like you more.

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Definitions:

Market Failure

A circumstance where the distribution of goods and services through an unregulated market fails to be efficient, frequently resulting in a decrease in overall social welfare.

Externalities

Expenses or advantages impacting individuals who did not decide to bear those expenses or advantages.

Public Goods

Goods or services that are available to all members of a society, typically provided by the government, with no one excluded from benefitting.

Efficient Mix

The most advantageous combination of goods and services that can be produced and distributed with the available resources and technology, maximizing overall welfare.