Europeans in General Took a Less Frantic Approach to the 2008-2009

question 34

Multiple Choice

Europeans in general took a less frantic approach to the 2008-2009 financial crisis than Americans because

• A) their governments had created numerous safety nets, including national health insurance and generous pensions.
• B) home ownership is rare in Europe.
• C) Europeans have a very low rate of saving.
• D) they are not part of the global financial community.

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Definitions:

Economic Disadvantages

Refers to situations where individuals or groups have less economic resources or opportunities compared to others in society.

Health Resilience

The capacity of an individual to maintain or quickly regain mental health status despite experiencing stress or adversity.

Repressive Coping Style

A psychological defense mechanism where individuals avoid or deny unpleasant experiences or emotions instead of confronting them.

Type A Personality

A personality type characterized by competitiveness, urgency, impatience, and high levels of stress.