When Bob, a wealthy real estate investor, saw an inner city kid wearing a heavy gold chain with a medallion around his neck, Bob wanted the same for himself. Bob's behavior is best explained by the ________.

Question

Quizplus · Accepted Answer

The trickle-up effect explains how fashion trends or behaviors start in lower socioeconomic groups and then are adopted by higher socioeconomic groups. In this scenario, Bob, a wealthy individual, desires an item or style initially seen on an inner-city kid, which is a classic example of the trickle-up effect.

When Bob, a Wealthy Real Estate Investor, Saw an Inner