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What Are Consumer and Investment Scams? Using Examples, Discuss the Impact

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Essay

What are consumer and investment scams? Using examples, discuss the impact of these scams.


Definitions:

Defense Mechanism

Psychological strategies brought into play by the unconscious mind to protect itself against anxiety by denying or distorting reality.

Rationalization

A defense mechanism in which controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner.

Roommate

A person with whom one shares a living facility such as a room or apartment but does not necessarily share a familial or romantic relationship.

Defense Mechanism

Psychological strategies deployed unconsciously to protect an individual from anxiety arising from unacceptable thoughts or feelings.

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