The Financial Crises of the Late 2000s and Early 2010s

question 44

Multiple Choice

The financial crises of the late 2000s and early 2010s primarily affected what type of countries?

• A)Autocratic.
• B)Underdeveloped.
• C)African.
• D)Autarkic.
• E)Developed.

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Definitions:

Reasoning

The mental process of generating conclusions, judgments, or inferences from facts or premises.

System I

Refers to the fast, automatic, and intuitive way of thinking, as opposed to System II's slower, more deliberate thought process.

System II

Often referred to in the context of dual-process theories of reasoning, System II is the analytical and reflective thought process that requires conscious effort.

Unconscious Processing

Mental processes that occur without conscious awareness or intention, influencing perceptions, thoughts, and behaviors.