Which of the Following (Historically Inaccurate)examples Best Demonstrates the Process

question 16

Multiple Choice

Which of the following (historically inaccurate) examples best demonstrates the process of the ratchet effect?

• A)Ke$ha brushes her teeth with a bottle of whiskey,but Lady Gaga gives her a tube of toothpaste because it cleans teeth better.
• B)Wolverine and Thor independently create the first hammers.Wolverine's hammer is simply a rock,whereas Thor's hammer has a metal head and a long handle.
• C)Wayne Gretzky demonstrates how to use a hockey stick to shoot pucks,and everyone then tries to figure out how the stick can be used to shoot pucks.
• D)Marx creates a new political ideology,Lenin builds on that ideology,and Stalin further expands on it.
• E)Rafael Nadal demonstrates how to use a tennis racquet to hit a ball,and everyone mimics Rafael's movements with his or her racquet.

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Definitions:

Inelastic

A situation where the demand or supply of a good or service is not significantly affected by changes in price.

Fastest-growing

Describes entities, sectors, or economies that are increasing in size, value, or importance at a more rapid pace than others within the same category.

Occupations

Refers to various jobs or professions that individuals engage in to earn income and contribute to the economy.

Elasticity Coefficient

A numerical measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in one of its determinants, such as price.