Early Studies Showed That Decisions Made in Groups Were Riskier

question 57

Multiple Choice

Early studies showed that decisions made in groups were riskier than decisions made on one's own.Later research,however,showed that group decisions are not always riskier than individual decisions but do tend to be more extreme.This phenomenon is captured by the concept of

• A) social loafing.
• B) group polarization.
• C) social inoculation.
• D) groupthink.

Interpret production possibility frontiers and their implications for trade and specialization.

Evaluate the impact of specialization and trade on world production and consumption.

Calculate the opportunity cost of producing goods in different countries.

Distinguish between absolute and comparative advantage in international trade contexts.

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Definitions:

Discriminative Stimulus

In behavioral psychology, a stimulus that signals the availability of reinforcement or punishment, guiding the organism's responses.

Reinforcer

Something that increases the likelihood of a behaviour by either presenting a positive stimulus or removing a negative one following the behaviour.

Manager's Office

A designated space or room where a manager or supervisor in a business, institution, or organization conducts their work, including planning, organizing, and leading operations.

Reinforcement

In behavioral psychology, reinforcement is a process by which a behavior is strengthened or increased in frequency by the consequence that follows it.