What Was the Principal Cause of the Economic Recession of 2008

question 117

Multiple Choice

What was the principal cause of the economic recession of 2008?

• A)too much government spending on social welfare programs
• B)not enough government spending on social welfare programs
• C)the high prices Americans pay for health care and health insurance
• D)excessive risk-taking by investors

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Definitions:

Average Cost

The total cost of production divided by the number of units produced, reflecting the average expense per unit.

Standard Meals

Pre-defined, fixed meals that are regularly available in establishments like restaurants or cafeterias.

Producing

The process of creating goods or services.

Profit

The financial gain obtained when revenue from selling a product or service exceeds the costs of producing it.