Jean's Eight-Member Team Met to Discuss Their Strategy for Completing

question 86

Multiple Choice

Jean's eight-member team met to discuss their strategy for completing a project.Though Jean and her colleague Jenna didn't agree with the proposed plan,they didn't voice their disapproval when the plan was put to vote,because the rest of the team agreed with it.Jean and Jenna's behavior in this situation can be explained by the phenomenon of ________.

• A)brainwashing
• B)social loafing
• C)groupthink
• D)hidden agendas
• E)mob mentality

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Definitions:

Government Failure

Situations where government interventions in the market lead to inefficiencies, misallocation of resources, or failure to achieve desired social or economic outcomes.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often justifying government intervention.

Government Failure

Situations where government intervention in the economy creates inefficiencies or worsens outcomes.

Efficient Allocation

The optimal distribution of resources among competing entities to achieve the desired outcomes with minimal waste or inefficiency.