What Were Some of the Consequences of the Large Current

question 8

Essay

What were some of the consequences of the large current account deficits that the U.S.ran over a long period of time that culminated in the crisis that began in 2007?

Describe the characteristics of promotion and prevention focus and their impact on motivation and behavior.

Identify the role of need for cognition in information processing and persuasion.

Understand the effects of regulatory focus on decision making and behavior.

Comprehend the impact of attitude strength, formation, and change on behavior and persuasion.

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Definitions:

Intuition

Rapidly formed judgments based on “gut feelings” or “instincts.”

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Stereotypes

Widely shared beliefs about the characteristic traits, attitudes, and behaviors of members of various social groups (racial, ethnic, or religious), including the assumption that the members of such groups are usually all alike.

Cognitions

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.