When Groupthink Occurs in Highly Cohesive Groups, Poor Decisions May

question 44

True/False

When groupthink occurs in highly cohesive groups, poor decisions may result from the members' unwillingness to criticize one another's ideas and suggestions, overemphasis on agreement, desire to hold the group together, underemphasis on critical discussion, and desire to avoid unpleasant circumstances.

Evaluate the effects of technological advancements on production capabilities.

Understand the role of trade and specialization in the context of the PPF.

Explain how natural disasters and other external events can affect an economy's production possibilities.

Understand how various factors influence the U.S. production possibility frontier.

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Definitions:

Standard Deviation

An index that gauges the degree of fluctuation or deviation within a group of data entries.

Null Hypothesis

A default hypothesis that there is no effect or no difference, and it is the assumption to be tested in statistical hypothesis testing.

Parameter of Interest

A specific characteristic or measure in a population that a study aims to estimate or test.

Power Consumption

The amount of energy consumed by electronic devices or systems over a given period of time.