Which of the Examples Below Is an Example of a Negative

question 22

Multiple Choice

Which of the examples below is an example of a negative reference group?

• A) Your parents play bridge as part of a bridge club. They read books about strategy in bridge in order to improve their understanding of the game and become more competitive players.
• B) Each fall, your neighborhood hosts a chili cook-off, with a person being crowned "Chili King" or "Chili Queen" and being given a small trophy and the right to brag about their performance.
• C) You are a new public high school teacher, and you join a group of other early-career teachers every Thursday night for drinks at a local bar to commiserate about the challenges of your work.
• D) Your parents point to a group of juvenile delinquents who are frequently in trouble with the law as examples of how they do not want you to behave.

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Definitions:

Housing Bubble

A market condition characterized by rapid increases in property prices to levels unsustainable in the long term, leading to a sharp decline.

Financial Crisis

A significant disruption in the flow of funds in financial markets, characterized by sharp declines in asset prices and firm failures.

Support Level

A price level at which an asset tends to stop falling because demand is strong enough to prevent the price from declining further.

Market

A place or platform where buyers and sellers come together to exchange goods, services, or financial instruments.