Unpredictable, Large-Scale Events That Create a Great Deal of Stress

question 35

Multiple Choice

Unpredictable, large-scale events that create a great deal of stress and feelings of threat are called __________.

• A) catastrophes
• B) major life events
• C) hassles
• D) major hassles

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Definitions:

Double Counting

The mistake of including both the value of intermediate products and the value of final products in calculating gross domestic product; counting the same production more than once

Financial Assets

Instruments that represent a financial value, including stocks, bonds, bank deposits, and mutual funds.

Transfer Payments

Cash or in-kind benefits given to individuals as outright grants from the government.

Double-Entry Bookkeeping

An accounting method that records each transaction in two accounts, ensuring that the total debits equals the total credits and maintaining the balance of the accounting equation.