Some Economists Have Argued That Path Dependence and Switching Costs

question 2

Multiple Choice

Some economists have argued that path dependence and switching costs can lead to market failure.Which of the following is an example of this argument?

• A)Costly celebrity endorsements lead many consumers to buy a product even though it is more expensive or less effective than a product that is not endorsed by a celebrity.
• B)A consumer who won a lottery for a Super Bowl ticket refuses to sell it for $3,000 even though he would not have paid $3,000 for a ticket if he had not won the lottery.
• C)While playing the ultimate game, an allocator decides to share $20 equally with a recipient rather than keep the $20 for herself.
• D)VHS video recorders became more popular with consumers than Sony Betamax recorders even though the Betamax recorders embodied a superior technology.

Understand how to tailor nutrition educational approaches to the specific needs of the target population.

Understand the process of writing clear and measurable objectives for nutrition education interventions.

Recognize the benefits of conducting theory-based nutrition interventions.

Identify sources of information for conducting needs assessments when direct contact with the target audience is unavailable.

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Definitions:

Scientific Study

The systematic investigation and exploration of natural phenomena, typically involving experimentation and observation to gather evidence and establish facts.

Job Analysis

The process of gathering, documenting, and analyzing information about job duties, responsibilities, necessary skills, outcomes, and work environment of a specific job.

Workforce Planning

The process used by managers to determine their needs with regard to human resources including retaining their talented employees, promoting employees, as well as removing poor performers.

Critical Elements

Fundamental components or aspects that are essential for the success or effectiveness of a system, process, or strategy.