Groupthink Occurs When the Average Opinion of a Group of Like-Minded

question 316

True/False

Groupthink occurs when the average opinion of a group of like-minded individuals becomes more extreme after discussing an issue.

---

Definitions:

Property Taxes

Taxes paid by owners of property such as land, buildings, and in some cases, personal property, based on the value of the property.

Regressive

A term often used to describe taxes or policies that take a higher percentage from low-income earners than from high-income earners, considered inversely proportional to income.

Tax Incidence

The analysis of the effect of a particular tax on the distribution of economic welfare among entities in the economy.

Tax Rate

The rate at which taxes are applied to the income of a person or a company.