An Expectation That People Will Help Those Who Depend on Them

question 657

Multiple Choice

An expectation that people will help those who depend on them is known as

• A) the reciprocity norm.
• B) the bystander effect.
• C) diffusion of responsibility.
• D) the social-responsibility norm.

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Definitions:

Net Unilateral Transfers

Financial transactions where money or goods are given without receiving anything in return, affecting a country's balance of payments, such as remittances or foreign aid.

Official Reserve

Assets held by a central bank in foreign currencies, gold, or other reserves, used to back liabilities and influence monetary policy.

Balance on Current Account

Refers to the difference in value between a country's exports and imports of goods, services, investment incomes, and transfers.

Capital Account Balance

A component of the balance of payments which records net changes in a country's international financial assets and liabilities, including direct investment, portfolio investment, and other investments.