The Failure to Think Independently and Realistically as a Group

question 85

Multiple Choice

The failure to think independently and realistically as a group because of the desire to enjoy consensus and closeness is called

• A) in-group bias.
• B) ecological fallacy.
• C) groupthink.
• D) recency syndrome.

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Definitions:

Lumpenproletariat

A term used primarily in Marxist theory to describe the lower strata of the working class, including those who are unemployed or unemployable due to the lack of necessary skills.

Capitalist Development

The evolution or advancement of an economic system in which trade, industry, and the means of production are largely privately owned and operated for profit.

Heterogeneous Middle-Class

A diverse socio-economic group composed of individuals from various backgrounds with differing levels of income, education, and occupation.

Market Situation

Refers to the current conditions within a specific market, including demand, supply, pricing, and competition.