What Term Is Used for the Tendency for Individuals to Spend

question 79

Multiple Choice

What term is used for the tendency for individuals to spend less effort when working collectively?

• A) social loafing
• B) clustering
• C) the rule of diminishing returns
• D) groupshift
• E) groupthink

Understand the economic effects of World War I on the American economy, including inflation, unemployment, and shifts in consumer behavior.

Recognize the impact of political and judicial decisions on American society and the economy during the 1920s.

Identify the role of new technologies and consumer culture in shaping American society in the 1920s.

Analyze the effects of demographic changes, including migration and urbanization, on American culture and society in the 1920s.

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Definitions:

Weighted-Average Number

A calculation that takes into account the varying degrees of importance of the numbers in a dataset, giving some numbers more weight than others.

Common Shares

Shares of ownership in a corporation that entitle the shareholder to vote on corporate matters and receive dividends.

Fiscal Year

A financial year used by governments and businesses for accounting purposes, which may or may not align with the calendar year.

Convertible Bonds

Debt securities issued by a corporation that can be converted into a predetermined number of the company's equity shares.