Micro-Loans Are/were When

question 1

Multiple Choice

Micro-loans are/were when

• A)people in third world countries, particularly women, borrow relatively small amounts of money to better themselves.
• B)countries about to join the European Union are allowed loans of 'preparation'.
• C)loans are given to provinces or subunits of international states.
• D)larger companies invest in smaller companies globally.

---

Definitions:

Social Decision Scheme

A model or strategy used within a group to aggregate individual preferences or opinions into a collective decision.

Groupthink

A psychological phenomenon that occurs within a group of people, in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or societal standards.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting cognitions (beliefs, attitudes, or values).