The Recession in 2007 Was Caused Due to ________

question 38

Multiple Choice

The recession in 2007 was caused due to ________.

• A) poor performance of the automobile sector
• B) a fall in imports to the United States
• C) an unstable housing market
• D) a fall in foreign direct investments
• E) the slow growth of manufacturing industries

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Definitions:

Logical Deduction

The process of reasoning from one or more statements (premises) to reach a logically certain conclusion.

Spatial Relationships

Understanding how objects or shapes are positioned in space relative to each other.

Trial-And-Error Strategies

Problem-solving methods that involve experimenting with various actions until finding a solution or an effective way to achieve a desired outcome.

Formal Operational Thought

A stage in Piaget's theory of cognitive development, usually beginning around age 12, where individuals develop the ability to think abstractly, logically, and systematically.