-In the Above Table, There Are No Taxes and No

question 13

Multiple Choice

-In the above table, there are no taxes and no imports or exports. The change in unplanned inventories when real GDP is $7,000 is

• A) $6,500.
• B) $500.
• C) -$500.
• D) $1,500.

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Definitions:

Group Cohesiveness

The extent to which members of a group feel bonded or united towards achieving a common objective or maintaining group membership.

Social Compensation

Increased effort on a collective task to compensate for other group members’ actual, perceived or anticipated lack of effort or ability.

Free-Rider Effect

A phenomenon where individuals benefit from resources or goods without contributing to the cost or effort involved in their production or provision.

Ethnomethodology

Method devised by Garfinkel, involving the violation of hidden norms to reveal their presence.