As a Result of the Global Financial Crisis That Began

question 12

Multiple Choice

As a result of the global financial crisis that began in 2007,the G-20 nations are working to broaden involvement to all nations. This shows that one of the lasting developments of the global financial crisis will be:

• A)Deregulation
• B)Ethics control
• C)Coordination
• D)Higher turnover
• E)Accountability

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Definitions:

Negative Externality

A situation where a third party is adversely affected by the outcome of a transaction or activity between others, not compensated by those causing the impact.

Acid Rain

Acid rain is precipitation with a high concentration of acidic components, typically resulting from industrial emissions that affect water, soil, and living conditions adversely.

Tradable Pollution Permits

Licenses that allow the holder to emit a certain amount of pollution that can be bought and sold, aiming to reduce overall pollution in a cost-effective manner.

Direct Regulation

Government-imposed requirements or restrictions on the operations of businesses or individuals to enforce standards or achieve objectives.