The Question Mark in Figure 7-3 Above Indicates Which of the Following

question 160

Multiple Choice

The question mark in Figure 7-3 above indicates which of the following result from the imposition of tariffs and quotas protectionist policies of a country?

• A)an increase in world trade
• B)a decrease in world trade
• C)a limit on exports
• D)a limit on imports
• E)countertrade

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Definitions:

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members following group discussion.

Diffusion Of Responsibility

A psychological phenomenon where people are less likely to take action or feel a sense of responsibility in the presence of a large group of people.

Social Acceptance

The degree to which an individual is acknowledged or recognized as part of a social group, gaining approval or support.

Groupthink

A mental phenomenon where a group's need for consensus or uniformity leads to illogical or ineffective decision-making results.