A tipping point is a situation in which the rare suddenly becomes commonplace. The correct answer is True.
A tipping point means the critical point in a situation, process, or system beyond which a significant and often unstoppable effect or change takes place.
Understanding three "rules"—the law of the few, the stickiness factor, and the force of context—is necessary to comprehend the tipping point and its significance in social epidemics. According to Gladwell, starting an epidemic requires a small number of change agents or powerful figures to spread the word.
The tipping point decreases with decreasing persistence of interest rate change. In other words, the financial system can tolerate a lower interest rate today if there are expectations that it would rise in the near future.
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