A Phenomenon That Occurs in Decision Making When Group Members

question 133

Multiple Choice

A phenomenon that occurs in decision making when group members avoid disagreement as they strive for consensus is known as

• A) Goal displacement.
• B) Domination.
• C) Intuition.
• D) Groupthink.
• E) Satisficing.

---

Definitions:

Deflationary

Pertains to a period when the general price levels in an economy are falling, which can increase the real value of money.

Tariffs

Taxes imposed by a government on imported goods, often used to protect domestic industries and regulate trade balances.

Comparative Advantage

The ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.

Absolute Advantage

The ability of a country, individual, or firm to produce more of a good or service with the same amount of resources compared to others.