The Term "Path Dependence" Refers to

question 35

Multiple Choice

The term "path dependence" refers to

• A) inefficient outcomes that result from early technology choices that are not optimal in the long run.
• B) the tendency for competitive markets to become monopolistic in the long run.
• C) inefficient outcomes that result from negative externalities.
• D) the natural growth of monopoly when economies of scale exist in a market.

---

Definitions:

Gender Inequality

The unequal treatment or perceptions of individuals based on their gender, resulting in disparities in opportunities, resources, and rights.

Developing Countries

Refers to nations with lower levels of industrialization, lower income per capita, and generally lower standards of living compared to developed countries.

Developed Countries

Nations with advanced economic systems, high standards of living, stable governments, and widespread access to healthcare and education.

Official Aid

Financial or material support provided by governmental bodies to individuals, organizations, or foreign nations.