The _____ of Responsibility Involves the Spreading of Responsibility to Act

question 24

Multiple Choice

The _____ of responsibility involves the spreading of responsibility to act among several people, which reduces the likelihood that help will be given to a person in need.

• A)inhibition
• B)disinhibition
• C)diffusion
• D)displacement

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Definitions:

Level of Output

Refers to the total quantity of a good or service produced by a firm or economy at a given time.

Output Effect

The impact on total production in the economy resulting from changes in price levels, often analyzed in the context of supply and demand shifts.

Price Effect

The impact on consumer behavior and market demand resulting from a change in the price of a good or service, influencing buying decisions.

Oligopolist

A firm or individual that is part of a market structure in which a few companies control the majority of market sales.