In his seminar on Organizational Economics, Professor Chang always uses study teams for presentation of outside research materials. He has found that three students per team tend to work well. Walking into a new class, he finds that registration has allowed 60 students to sign up. He decides to increase the team size from three to eight students. What problems can he expect to deal with during the semester?
What will be an ideal response?
Chang is likely to hear more student complaints about free riders in some teams. Teams might also wrestle harder with decisionmaking; it may take more time for them to complete the work even though there are more team members to share the work.
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In 2014, in the United States the sum of the balance of all three of the balance of payments accounts was
A) slightly negative. B) slightly positive. C) greatly positive. D) greatly negative. E) zero.
The demand curve for the output of a perfectly competitive firm is
a. perfectly inelastic. b. perfectly elastic. c. a rectangular hyperbola with an elasticity equal to 1. d. identical in shape to the market demand curve.
Refer to the above figure. At a price of two cents, the quantity of bubble gum demanded will be
A) 3. B) 2. C) 4. D) 5.
Deflation is an overall:
A. rise in prices in the economy. B. decline in prices in the economy. C. rise in prices in the economy, excluding those with historically volatile price changes. D. decline in prices in the economy, excluding those with historically volatile price changes.