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Bob and His Study Group Members, Tom and Brady, Were

question 34

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Bob and his study group members, Tom and Brady, were assigned a project that would require the members to divide and conquer on several research areas before coming together to write the paper.Bob recommended they select a topic related to his field since he could offer the group a lot of primary and secondary research data through work he has already done.Tom and Brady looked at each other, but neither of them argued with Bob.Tom mentioned the possibility of another topic, but Bob interrupted him and insisted that primary and secondary research data he has already done would be better than all of them having to conduct new research.They all agreed to work on Bob's suggested topic.Then Brady began to discuss their timeline.Bob insisted that they only meet on the weekends.They worked out the timeline, and all agreed they could get the project done on time.Upon leaving, Bob smiled and exited first while the other men waved and left together.Tom and Brady went to their instructor to complain about their group assignment.If you were their instructor, what is the best advice you could give to each of the men in this group?


Definitions:

Invisible Hand

A concept introduced by Adam Smith to describe the self-regulating nature of the market economy.

Economist

A professional who studies the production, distribution, and consumption of goods and services.

Economic Activity

Activities related to the creation, distribution, and use of goods and services in an economic system.

Market Economy

An economic system in which economic decisions and the pricing of goods and services are guided solely by the interactions of citizens and businesses.

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