The Reduced Motivation and Effort Shown by Individuals Working in a Group

question 35

Multiple Choice

The reduced motivation and effort shown by individuals working in a group is called ____.

• A)social loafing
• B)deindividuation
• C)group polarization
• D)groupthink

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Elastic

A characteristic of demand or supply indicating a high responsiveness to changes in price.

Pure Rent

Income received by a landowner for the use of a natural resource, land, or location that is essentially in fixed supply.

Pure Rent

Income earned from owning a resource completely fixed in supply, with no additional production cost.