The Choice of a Good Is Path Dependent When

question 35

Multiple Choice

The choice of a good is path dependent when

• A)consumers get utility from consuming goods that others are consuming, such as restaurants.
• B)the first technology that was adopted has an advantage over a better technology that came later.
• C)people who move location follow the path of people who moved before them.
• D)it can only be used in one way.

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Definitions:

Danger

The possibility of harm, injury, or adverse consequences.

Bystander Effect

People are less likely to help in an emergency when they are with others than when alone. The greater the number, the less likely it is that anyone will help.

Helping Behaviour

Acts performed with the intent to benefit others, without anticipation of any personal gains.

Victim's Needs

The requirements or help necessary for individuals who have suffered harm or injustice to recover and heal.