The Self-Serving Psychological Mechanisms That Contribute to Global Social Dilemmas

question 63

Multiple Choice

The self-serving psychological mechanisms that contribute to global social dilemmas

• A) are very recent developments in our psychological make-up.
• B) have come about as a result of the global economy.
• C) were originally adaptive for life in small groups.
• D) are only present among individuals in capitalistic countries.

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Definitions:

Toxic Mortgage Securities

Financial instruments derived from bundles of mortgages that are at high risk of default, contributing to financial crises when their value collapses.

$700 Billion Bailout

Refers to the Emergency Economic Stabilization Act of 2008, a U.S. government program to purchase distressed assets from financial institutions to stabilize the economy.

Henry Paulson

A former American banker who served as the Secretary of the Treasury during the critical period of the financial crisis in 2007-2008.

Great Recession

A severe global economic downturn that occurred from late 2007 through mid-2009, marked by significant declines in economic activity and employment.