Why Was the 2014 G7 Summit Held in Brussels

question 4

Multiple Choice

Why was the 2014 G7 summit held in Brussels?

• A)The major European powers wanted a more convenient location for the meeting.
• B)The participants wanted to emphasize their displeasure at Russian annexation of the Crimean Peninsula.
• C)The choice of Brussels emphasized that the summit was about western European issues,not global issues.
• D)Brussels is the headquarters of the European Union.
• E)The participants wanted to highlight that Belgium is an important economic power.

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Definitions:

Framing Effects

The influence on an individual's decision made by the way information is presented, rather than just the information itself.

Wage Increase

An adjustment upward in the wage rate, resulting in employees receiving more compensation for their work.

Status Quo Bias

A cognitive bias that explains individuals' preference for current circumstances to remain unchanged or for decisions to be made that do not alter the current state.

Super-Size

A term often associated with fast food, indicating an option to upgrade a meal to a larger size with more of the product.