A Serious Consequence of a Financial Crisis Is

question 22

Multiple Choice

A serious consequence of a financial crisis is

• A)a contraction in economic activity.
• B)an increase in asset prices.
• C)financial engineering.
• D)financial globalization.

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Definitions:

Emile Durkheim

A French sociologist who significantly contributed to the establishment of sociology as a discipline, known for his studies on social solidarity and the division of labor.

Social Cohesion

Refers to the strength of relationships and the sense of solidarity among members of a community, contributing to its unity and mutual support.

Social Solidarity

The feelings of fellowship and unity among members of a society, which bind people together and facilitate cooperation and support.

Beliefs and Values

Fundamental convictions and principles that guide behavior, shape perspectives, and inform ethical and moral judgments.