Which of the Following About the Great Recession Is True

question 63

Multiple Choice

Which of the following about the Great Recession is true?

• A) The economy completely recovered from the Great Recession in 2009.
• B) The Great Recession spread around the globe by 2008.
• C) The middle class was the least affected by the Great Recession.
• D) The Great Recession increased employment rates to almost 10 percent.

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Definitions:

Commodification

The process of treating goods, services, ideas, or people as commodities, thus making them subject to trade in a market.

Nationalization

The process by which a government takes control of a previously private sector business or industry.

Political Freedom

The degree to which individuals are able to participate in the political life of their society without repression.

Evade Taxation

The illegal practice of avoiding the payment of taxes owed by using deceitful or unlawful means.