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The table below illustrates that,in one day,Tristan can produce either 12 fishing lures or mow 3 lawns,while Thomas can produce either 6 fishing lures or mow 6 lawns. TABLE 1- 1
-Refer to Table 1- 1.What is Thomas's opportunity cost of producing one fishing lure?
Group Polarization
The tendency of a group to make decisions that are more extreme than the initial inclination of its members.
Risky Shift
A phenomenon in group decision-making processes where groups tend to make riskier decisions compared to individuals.
Non-Directive Group Leader
A leader who takes a passive role, encouraging group members to lead discussions and make decisions, thereby fostering autonomy and self-direction.
Groupthink
A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.
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