In Which Two Markets Did an Asset Bubble Form That

question 38

Multiple Choice

In which two markets did an asset bubble form that led to a financial crisis in 2008?

• A)Housing and mortgage-backed securities
• B)Housing and automobiles
• C)Mortgage-backed securities and tulips
• D)South Sea Company and tulips

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Definitions:

Maslow

Refers to a hierarchy of needs theory proposed by Abraham Maslow, which suggests that people are motivated to fulfill basic needs before moving on to other, more advanced needs.

Skinner

B.F. Skinner was a prominent psychologist known for his work in behaviorism and for developing the theory of operant conditioning.

Wish Fulfillment

A psychoanalytic concept suggesting that dreams represent the unconscious desires and wishes of the dreamer.

Instinctual Demands

Innate impulses or drives that motivate behavior without the need for conscious thought or social learning.