In 2008 the World Dealt with the Most Dramatic Financial

question 48

Multiple Choice

In 2008 the world dealt with the most dramatic financial crisis since the depression and bank failures of the 1930's. This crisis occurred because

• A) of increased leverage based on increasing property values in the subprime mortgage business.
• B) financial institutions accepted questionable credit instruments.
• C) there was a lack of effective oversight by regulatory bodies.
• D) all of the other answers are correct.

---

Definitions:

Moral Development

The process by which individuals learn and apply concepts of right and wrong, influencing their behavior and attitudes.

Relativist Perspective

A philosophical standpoint that asserts moral values and ethics vary between cultures, societies, or individuals and are not absolute.

Teleology

The doctrine that final causes, or purpose, exist in nature, and everything has a purpose or goal that influences its form and function.

Deontology

A moral philosophy that emphasizes the inherent rightness or wrongness of actions, independent of their consequences.