The Worldwide Recession in 2007 Started from

question 28

Multiple Choice

The worldwide recession in 2007 started from

• A) easy access to credit in the United States.
• B) booming housing prices that ultimately dropped.
• C) a large number of home purchasers who were unable to afford the homes.
• D) All of the above are correct.

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Definitions:

Inherited Traits

Characteristics and attributes that are passed from parents to offspring through genes.

Learned Habits

Learned habits are behaviors or routines that are acquired through repetition and practice.

Behavioral Perspective

An approach in psychology focusing on observable behaviors, emphasizing the role of learning and the environment in shaping behavior.

Cognitive Psychology

A branch of psychology focusing on the study of mental processes, including perception, thought, memory, and reasoning.