The Term Group Polarization Refers to a Phenomenon Whereby ____

question 71

Multiple Choice

The term group polarization refers to a phenomenon whereby ____.

• A)groups divide themselves into two poles, or "sides"
• B)groups tend to make riskier decisions than individuals do
• C)groups tend to make more extreme decisions than individuals do (whether extremely risky or "extremely something else")
• D)groups identify a "rival group" against which they are competing

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Definitions:

Price of a Dollar

A term not commonly used in economics or finance, potentially confusing but might refer to the value of the US dollar in terms of foreign currency exchange rates.

Trade Flow

Refers to the movement of goods and services between countries, indicating the import and export activities.

Exchange Rates

The value of one currency for the purpose of conversion to another; it determines how much of one currency can be exchanged for another currency.

Free Market

An economic system where prices for goods and services are determined by the open market and consumers, free from government intervention.