People often have different suggestions and may or may not agree with each other. Due to groupthink, Amaya did not voice her concern as she did not want to appear unsupportive of the team.
- Groupthink is known to be a situation that takes place when a group of individuals arrive at a consensus without critical reasoning or looking into the repercussions or alternatives.
It is often based on a common desire not to anger the balance of a group of people.
It can also be regarded as a psychological phenomenon where individual strive to meet a consensus within a group.
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Answer:
"Structural unemployment" is the right approach.
Explanation:
- The terminology economists mischaracterize unemployment, which seems to be the consequences of such an absence or failure of coordination of talents as well as of opportunities, is defined as Structural unemployment.
- This would be caused by economic shifts that prevent jobless persons from finding opportunities throughout different firms with very high qualifications.
Answer:
two inputs which are capable of producing the same level of output.
Explanation:
Isoquant is a word made up of two parts. Iso is one and quant is for quantity not output.
It means a combination of inputs that give a certain output.
The factors of production can be substituted for each other to produce the same quantity of a product. These combinations are called isoquant.
Plotting all possible combinations that give a level of output gives the isoquant curve
Answer:
PE ratio is 1
Explanation:
Price earning ratio determines the ratio of price of a share by the earning per share . It measures the times value which a investor pays for each $1 earning of the shares.
To calculate the price earning ratio at the end of the year, we will use the price of the share at the end of the year.
Price Earning Ratio = Market Price / Earning Per share
Price Earning Ratio = $5 / $5
Price Earning Ratio = 1 times
