Statement I

question 120

Multiple Choice

Statement I.The FDIC is now part of the Federal Reserve.
Statement II.The savings and loan crisis developed in the 1980s because the FDIC was much more lax about supervising the savings and loan associations than the commercial banks.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

Understand the distinction and implications of conforming to group norms in social contexts.

Identify the types of social influence (normative, informational, interpersonal) and their effects on conformity.

Analyze the dynamics of group influence, including majority vs. minority influence, through theories such as Asch’s and Moscovici’s.

Appreciate the complexities of social impact theories, including dynamic social impact theory.

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Definitions:

Atlantic Trading System

The network of trade routes connecting Europe, Africa, and the Americas from the 16th to the 19th century, facilitating the exchange of goods, people (including slaves), and culture.

Slaves

Individuals who are legally owned by others and are forced to work without pay, often without any rights or freedoms.

Tuscarora War

A conflict between the British, Dutch, and German settlers and the Tuscarora Native Americans in North Carolina during the early 18th century, leading to the defeat and relocation of the Tuscarora.

Algonquians

A group of Native American peoples sharing similar languages, originally inhabiting parts of eastern North America.