Which of the Following Are True

question 153

Multiple Choice

Which of the following are true?

• A) Economists use the criterion of economic efficiency to judge the merit of alternative outcomes.
• B) Undertaking an economic action will be efficient if it produces more benefits than costs for the individuals of the economy.
• C) Undertaking an economic action will be inefficient if it produces more costs than benefits to the individuals.
• D) All of the above are true.

Understand the concept of groupthink and its characteristics.

Comprehend the relationship between cohesiveness, conformity, and group norms.

Identify various team dysfunctions and their impacts on team performance.

Distinguish between different types of conformity within teams.

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Definitions:

Placebo

A substance or treatment with no therapeutic effect, often used as a control in testing new drugs.

Low Dose

Refers to a small amount of a substance or medication administered or applied, typically less than the standard or therapeutic amount.

High Dose

High dose refers to the administration or use of a substantial amount of a substance or medication, typically higher than the standard or recommended level.

Tennis Rackets

Sporting equipment consisting of a handle and an open hoop with a network of strings, used to hit a tennis ball in the game of tennis.