What Is NOT a Contributing Factor to the Economic Downturn

question 76

Multiple Choice

What is NOT a contributing factor to the economic downturn of 2009?

• A) It is the end of a 40-year growth cycle in the stock market.
• B) It was the peak of a 30-year commodity cycles.
• C) Peak oil prices and real estate prices collided with a downturn in the stock market.
• D) The spending wave of the baby boomers came to an end.
• E) failure of Americans to innovate after the tech boom of the 1990s

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Definitions:

Insurance

A contract whereby one party pays premiums to another party who undertakes to pay compensation for losses resulting from risks or perils specified in the contract.

Insured

A person or entity covered under an insurance policy, receiving protection against specified losses or damages in exchange for payment of a premium.

Fee

A charge or payment for a service, often imposed by a professional or official body.

Property Insurance

Insurance coverage that provides financial reimbursement to the owner or renter of a structure and its contents in case of damage or theft.