The Degree to Which Group Members Are Attracted to One

question 9

Multiple Choice

The degree to which group members are attracted to one another and motivated to stay in the group is called:

• A)reliability.
• B)sociability.
• C)integration.
• D)cohesiveness.

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Definitions:

Consumer Surplus

The disparity between the amount consumers are prepared to spend on a product or service and the actual price they pay.

Import-Competing Industries

Sectors within an economy that produce goods or services in direct competition with imports, often affected by trade policies.

Comparative Advantage

The capacity of a person, business, or nation to generate a product or service with a lesser opportunity cost compared to rivals.

Opportunity Costs

The price paid for not selecting the next most favorable option when deciding.