Which of the Following Is NOT a Benefit of Conflict

question 16

Multiple Choice

Which of the following is NOT a benefit of conflict, according to Wagner and Hollenbeck?

• A) Conflict provides a sense of identity and purpose.
• B) Conflict serves as a motivation for stability.
• C) Conflict helps to stabilize and integrate relationships.
• D) Conflict provides opportunities to readjust valued resources.

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Definitions:

Relatively Inelastic

Describes a situation where the demand for a good or service changes by a smaller percentage than changes in its price.

Deadweight Loss

A situation where inefficiency in the market leads to a loss of total social welfare, typified by a gap between the supply and demand curves.

Relatively Elastic

Describes a situation where the demand or supply for a good or service significantly changes in response to changes in price.

Elastic Supply

A situation in which the supply of a good or service changes significantly in response to changes in price.