All of the Following Are True Statements About the Savings

question 37

Multiple Choice

All of the following are true statements about the savings and loan (S&L) crisis EXCEPT:

• A)it was caused because people invested in risky ventures, such as shady real estate deals.
• B)it led to layoffs, companies burdened with huge debt, and overly consolidated industries.
• C)millions of Americans lost their savings.
• D)the biggest failure was investing in large companies that used the money to buy up weaker competitors.
• E)Bush created a plan to resolve the crisis-at a taxpayer cost of $500 million.

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Definitions:

Behavior Modification

A technique for altering human behavior through systematic reinforcement or punishment.

Social Learning Theory

A theory that posits people can learn new behaviors and attitudes through observation, imitation, and modeling from others within a social context.

Experiential Learning

A learning process through which individuals acquire new knowledge, skills, or behaviors by actively engaging in experiences.

False-Consensus Effect

The tendency of individuals to overestimate the extent to which their beliefs, values, or opinions are shared by others.