Figure 71 Alt Text for Figure 7

question 175

Multiple Choice

Figure 7.1 Alt text for Figure 7.1: In figure 7.1, a graph comparing capital per hour worked and real GDP per hour worked.
Long description for Figure 7.1: The x-axis is labelled, capital per hour worked, K/L, with values 40,000 and 60,000 marked.The y-axis is labelled, real GDP per hour worked, Y/L, with 0 at the vertex.3 concave curves, each originating from the vertex are shown.4 points A, B, C, and D are plotted such that point A has 40,000 as the x coordinate, and points B, C, and D have 60,000 as the x coordinate.The 3 curves pass through these points.The curve labelled, Production function 1, passes through point B.The curve labelled, Production function 2, passes through points A and C.The curve labelled, Production function 3, passes through point D.
-Refer to Figure 7.1.Many countries in Africa strongly discouraged and prohibited foreign direct investment in the 1950s and 1960s.By doing so, these countries were essentially preventing a moment from

• A)A to B.
• B)B to C.
• C)B to A.
• D)D to C.
• E)D to A.

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Definitions:

Causes of Groupthink

Factors leading to a situation in group decision-making processes where the desire for harmony or conformity results in an irrational or dysfunctional decision outcome.

Cohesiveness

The quality of being united, integrated, or working together harmoniously as a group or team, enhancing collective efficacy and morale.

Biased Leadership

Leadership influenced by personal prejudice or favoritism towards certain people, ideas, or outcomes, potentially leading to unfair decision-making.

Groupthink

A situation in which the pursuit of agreement or uniformity within a group leads to choices that are unreasonable or not effective.