Which of the following (historically inaccurate) examples best demonstrates the process of the ratchet effect? a. Kesha brushes her teeth with a bottle of whiskey, but Lady Gaga gives her a tube of toothpaste because it cleans teeth better. b. Marx creates a new political ideology, Lenin builds on that ideology, and Stalin further expands on it. c. Tiger Woods demonstrates how to use a golf club to hit a ball, and everyone mimics Tiger's movements with his or her golf club. d. 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. e. Serena Williams demonstrates how to use a tennis racquet to hit a ball, and everyone then tries to figure out how the racquet can be used to hit a ball.
Which of the following (historically inaccurate) examples best demonstrates the process of the ratchet effect? a. Kesha brushes her teeth with a bottle of whiskey, but Lady Gaga gives her a tube of toothpaste because it cleans teeth better. b. Marx creates a new political ideology, Lenin builds on that ideology, and Stalin further expands on it. c. Tiger Woods demonstrates how to use a golf club to hit a ball, and everyone mimics Tiger's movements with his or her golf club. d. 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. e. Serena Williams demonstrates how to use a tennis racquet to hit a ball, and everyone then tries to figure out how the racquet can be used to hit a ball.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Which of the following (historically inaccurate) examples best demonstrates the process of the ratchet effect?
a.
Kesha brushes her teeth with a bottle of whiskey, but Lady Gaga gives her a tube of toothpaste because it cleans teeth better.
b.
Marx creates a new political ideology, Lenin builds on that ideology, and Stalin further expands on it.
c.
Tiger Woods demonstrates how to use a golf club to hit a ball, and everyone mimics Tiger's movements with his or her golf club.
d.
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.
e.
Serena Williams demonstrates how to use a tennis racquet to hit a ball, and everyone then tries to figure out how the racquet can be used to hit a ball.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education