Which of the Following Is True in Regard to Cultural

question 23

Multiple Choice

Which of the following is true in regard to cultural diversity in groups?

• A) Overlooking cultural differences improves chances of success.
• B) Mutual respect is not important.
• C) Diversity makes the team more susceptible to groupthink.
• D) Diversity often results in more creative solutions.

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Definitions:

Policy Tools

Policy tools are mechanisms used by government or monetary authorities to influence the economy, such as interest rates, taxation, and government spending.

Economy's Potential

The economy's potential refers to its maximum productive capacity when resources are fully employed, indicating a state where unemployment is at the natural rate and there is no demand-pull inflation.

Fiscal Policy

Policy made by the government which entails modifying how much it spends and adjusts tax rates to control and affect the economic health of a nation.

Rational Expectations School

An economic theory suggesting individuals make predictions about future economic events using all available information and past experiences.