According to Janis, Which of the Following Decisions Was the Result

question 51

Multiple Choice

According to Janis, which of the following decisions was the result of groupthink?

• A) Bush's decision to engage in the first Gulf War
• B) the Iraq war after the 9/11 terrorist attacks
• C) Johnson's decision in 1967 to start the War on Poverty
• D) Obama's decision to reform health care

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Definitions:

Surplus

The excess of a good or service that occurs when the quantity supplied exceeds the quantity demanded; surpluses occur when the price is above the equilibrium price.

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicative of the product's sensitivity to price changes.

Availability of Substitutes

The presence of alternative goods or services that consumers can switch to when prices rise or quality decreases, affecting market demand and competition.

Bus Service

A public or private system offering regular travel on established routes by buses for the transportation of individuals.