Jeff, Greg, Dan, and Ray All Watched as the Building

question 193

Multiple Choice

Jeff, Greg, Dan, and Ray all watched as the building across the street burned to the ground. They kept waiting for the fire trucks to show up, even though none of them had called 911. In this case, the fact that none of the four friends phoned to report the fire illustrates the phenomenon known as ​

• A)social loafing.
• B)a self-fulfilling prophecy.
• C)group polarization.
• D)the bystander effect.

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Definitions:

Workers' Incomes

The financial compensation received by employees for their labor, including wages, salaries, and bonuses.

Labor Supplied

The total hours of work that workers are willing to offer at a given wage rate.

Hourly Wage Rate

The amount of money paid for each hour of work.

Opportunity Cost

The cost of the next best alternative forgone as a result of making a decision.