Just Before and During the Recession of 2007-2009,net Exports in the United

question 254

Multiple Choice

Just before and during the recession of 2007-2009,net exports in the United States

• A)fell and remained negative.
• B)fell,but remained positive.
• C)rose and became positive.
• D)rose,but remained negative.

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Definitions:

Socialize Losses

The practice of distributing the financial burdens of failures, such as bank failures or large-scale corporate bailouts, across the broader society or government, rather than allowing them to fall solely on those responsible.

Privatize Gains

The concept of transferring profits or benefits from public to private ownership, often criticized for benefiting a select few at the expense of the broader public.

Government Guarantees

Assurances provided by the government to back loans, investments, or other financial transactions.

Regulatory Capture

A form of government failure that occurs when a regulatory agency tasked with acting in the public's interest instead acts in favor of the commercial or special interests of the industry or sector it is charged with regulating.