The Financial Crisis That Began in August 2007 Initially Had

question 90

Multiple Choice

The financial crisis that began in August 2007 initially had ________ effect on China but caused exports to fall by ________ percent.

• A) no; 20
• B) a moderate; 20
• C) large; 20
• D) no; 1

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Definitions:

Ethanol Subsidies

Financial incentives provided by governments to support the production, use, and development of ethanol as a form of renewable energy.

Demand For

Refers to the desire and ability of consumers to purchase goods or services at a given price.

Supply Of

The total amount of a specific good or service that is available to consumers, which can be influenced by factors such as price, production costs, and technology.

Potentially Efficient

A situation or condition that has the capability to achieve optimum productivity with minimal waste and expense.