In 2008, the Trouble Asset Relief Program (TARP)

question 7

Multiple Choice

In 2008, the Trouble Asset Relief Program (TARP)

• A) was used to create the government-sponsored enterprises, Freddie Mac and Fannie Mae.
• B) provided bailouts to homeowners who were upside down in their home loans.
• C) was the first time the government intervened in a business failure in American history.
• D) provided a bailout to banks, automobile companies, and the AIG insurance company.
• E) helped small businesses expand during the economic downturn.

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Definitions:

Degree of Arousal

A measure of an individual's physiological and psychological state of alertness, excitement, or engagement, which can be influenced by various stimuli or activities.

Hedonic

relates to or is considered in terms of pleasant (or unpleasant) sensations, often used in the context of consumption experiences that provide pleasure or satisfaction.

Utilitarian

Pertaining to or based on the principle of utilitarianism, which advocates for actions that maximize happiness and well-being for the majority of a population.

Subjective

Based on or influenced by personal feelings, tastes, or opinions.