During the Deep Recession of 2008-2009

question 7

Multiple Choice

During the deep recession of 2008-2009,

• A)the service industry was hardest hit.
• B)job loss was severe in the manufacturing and housing industries.
• C)education and healthcare were hardest hit.
• D)the U.S. saw productivity rise in manufacturing due to increased layoffs.

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Definitions:

Taxpayers

Individuals or entities that are obligated to pay taxes to federal, state, or local governments.

Trade Barriers

Measures introduced by governments to restrict or control international trade, such as tariffs, quotas, and import bans.

Trade Restrictions

Measures implemented by governments to control the flow of imports and exports, often to protect domestic industries from foreign competition.

Special Interest Groups

Organizations or groups that advocate for the specific interests of their members, often influencing policy decisions and public opinion.