Recognizing the Incentive Power of Property Rights and Markets, Some

question 105

Multiple Choice

Recognizing the incentive power of property rights and markets, some of the most die-hard central planners are now allowing

• A)more influence from custom or religion
• B)family relations to play significant roles
• C)a role for markets
• D)communal ownership of property
• E)inefficient use of resources

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Definitions:

Entitativity

The degree to which a group is perceived as being a coherent, unified entity.

Collective Efficacy

The shared belief in a group's capability to organize and execute the courses of action required to produce given levels of achievements.

Cohesion

The degree of camaraderie and unity among members of a group or team, often contributing to its success.

Sherifs' Studies

Refers to a series of experiments on group conflict and cooperation by social psychologist Muzafer Sherif, emphasizing the ease of inducing group antagonism and the methods of resolving it.