How Large Was the Change in the Write-Downs at Merrill

question 201

Multiple Choice

How large was the change in the write-downs at Merrill Lynch between the beginning of October 2008 and three weeks into October?

• A) $8 billion
• B) $5 billion
• C) $3 billion
• D) None of the above

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Definitions:

Collective Action Theory

A theory that examines how individuals work together to achieve shared objectives, often in pursuit of public goods or to address collective problems.

Emergent Norm Theory

Emergent Norm Theory is a sociological theory that explains how new social norms can emerge spontaneously in crowds or groups, influencing members' behavior during events like riots or disasters.

Contagion Theory

A social theory that suggests ideas, attitudes, and behaviors can spread through populations as if they were infectious diseases.

New Social Movements

Collective actions that emerged from the 1960s onwards, focusing on issues like environmentalism, human rights, and social justice, differing from traditional movements by their network structures and cultural emphases.