The Precipitating Factor for the Crisis of Market Fundamentalism Was

question 56

Multiple Choice

The precipitating factor for the crisis of market fundamentalism was

• A) the tax cuts implemented by the George W. Bush administration as soon as it took office.
• B) the invasion of Iraq in 2003.
• C) the collapse of the stock market in 2006.
• D) the collapse of the housing market in 2007.
• E) Barack Obama's election in 2008.

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Definitions:

Big Tech

Large, dominant technology companies, often cited as having considerable market power and influence over the economy, society, and politics.

Diffusion of Technology

The process by which new technologies are adopted and spread across cultures or societies.

Sociological Question

An inquiry that focuses on understanding human behavior, social structures, and societal functions from a sociological perspective.

Human Values

Fundamental beliefs and principles that drive individual behavior and influence societal norms and ethics.