According to the textbook, social norms:
A)are usually ignored.
B)are a type of positional externality.
C)can help curtail positional arms races.
D)are never effective at limiting positional arms races.

Name: According to the textbook, social norms: A)are usually ignored. B)are a type of positional externality. C)can help curtail positional arms races. D)are never effective at limiting positional arms races.
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Question

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Social norms can stigmatize efforts to participate in positional arms races.

According to the Textbook, Social Norms