A Good Example of Cultural Lag Is

question 29

Multiple Choice

A good example of cultural lag is

• A)gaining the ability to modify genetic patterns in humans before understanding the possible social consequences of doing so.
• B)a slowing in the rate of invention in the computer industry.
• C)older people trying to make younger people respect tradition.
• D)virtual culture replacing traditional culture.

---

Definitions:

Optimal Amount

The most efficient, beneficial, or ideal quantity of a good, service, or resource allocation under given circumstances.

Perfectly Elastic

Describes a situation in economics where the quantity demanded or supplied changes infinitely in response to any change in price.

Interest-Rate Cost-Of-Funds

The cost incurred by financial institutions to raise funds that they can then lend to customers, influenced by prevailing interest rates.

Market Interest Rates

The prevailing rate at which borrowers and lenders agree to engage in transactions of debt securities in the financial markets.