Which of the Following Does Your Author Suggest Is NOT

question 48

Multiple Choice

Which of the following does your author suggest is NOT a lesson learned from the the Great Recession of 2007 -2009?

• A)Individuals and firms that took on too much debt suffered dramatically.
• B)Firms and individuals that relied too heavily on short-term debt to finance long-term assets suffered when financial liquidity dried up.
• C)The crisis started in and was mostly limited to the collapse of the U.S.housing market.
• D)All of the above.

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Definitions:

Collectivist Cultures

Cultures in which the self is regarded as embedded in relationships, and harmony with one’s group is prized above individual goals and wishes.

Personal Goals

Individual objectives, targets, or aspirations that a person aims to achieve or accomplish.

Value Duty

The ethical obligation or responsibility to uphold certain values or moral principles.

Childrearing Methods

Various strategies and practices employed by parents or guardians to nurture and educate children, influencing their development and behavior.