The Original Cause of the Great Recession Was

question 25

Multiple Choice

The original cause of the Great Recession was

• A)a tsunami in the Pacific Ocean.
• B)the 'Euro' crisis.
• C)a financing failure in the US housing market.
• D)government borrowing rising out of control.

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Definitions:

Congestion

The state of being crowded or overloaded, often causing delays or inefficiencies, particularly in transportation or network systems.

Marginal Cost

The expense associated with manufacturing an extra unit of a product or service.

Cross Dock Distribution Center

A warehouse where incoming shipments are directly transferred to outgoing trucks or trailers, minimizing storage time and accelerating distribution.

Milk Runs

A delivery method where a single vehicle collects and delivers goods in a route that minimizes transportation time and cost, often used for JIT inventories.