Which of the Following Stock Market Decreases Is Best Explained

question 42

Multiple Choice

Which of the following stock market decreases is best explained by the notion of a bubble collapsing?

• A)The early 1982 drop in the DJIA.
• B)The decade of the 1970s.
• C)The U.S. stock market in late 1929.
• D)The U.S. stock market's drop in late 2008.

---

Definitions:

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.

Interrelationships

The way in which each of two or more things is related to the other or others.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period of time.

Telephone Expense

Costs incurred by a business for the use of telephone services.