What Event Caused the Global Shift Away from State Control

question 10

Multiple Choice

What event caused the global shift away from state control of the economy some twenty years ago?

• A)The rise to power of Ronald Reagan and Margaret Thatcher
• B)The end of communism in Europe
• C)The resurgence of terrorist action against western powers
• D)The election of left-leaning leaders in South America

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Definitions:

Moral Capitalism

An economic system or theory that emphasizes ethical considerations and values in business practices, aiming to achieve both profit and social good.

Moral Idealism

A philosophy that considers certain actions to be right or wrong regardless of the context or consequences of those actions.

Environment

The surrounding conditions, influences, or forces that affect the operation of a business or the well-being of individuals.

Moral Idealism

A philosophical belief that places importance on certain ethical principles as absolutes, irrespective of the outcomes.