What is the best definition of the term recession?

Question

(1 point)
Responses

a time when net imports are greater than net exports
a time when net imports are greater than net exports

a period of decline in overall income and employment
a period of decline in overall income and employment

a time when GDP per capita rises overall
a time when GDP per capita rises overall

a period of heightened government spending

Answer 1

a period of decline in overall income and employment

Answer 2

A lighting technician’s work on a movie shoot ends in a week. What type of unemployment will she experience at that time?
(1 point)
Responses

frictional
frictional

structural
structural

casual
casual

cyclical

Answer 3

frictional

Answer 4

Which is an example of a lending investment?
(1 point)
Responses

stocks
stocks

bonds
bonds

money market
money market

cash

Answer 5

bonds

Answer 6

Which of the following happens to stock when a company’s profits fall?
(1 point)
Responses

Shareholders get stock insurance payments.
Shareholders get stock insurance payments.

Shareholders’ stock loses value.
Shareholders’ stock loses value.

Shareholders are given more stock.
Shareholders are given more stock.

Shareholders cash in their interest.

Answer 7

Shareholders’ stock loses value.

Answer 8

Which of the following describes a market in which there are few competitors?
(1 point)
Responses

oligopoly
oligopoly

monopoly
monopoly

cash equivalent
cash equivalent

stock market
stock market

Answer 9

oligopoly

Answer 10

Lower costs to allow for more money for research and development is an example of how which type of entity benefits the economy?
(1 point)
Responses

stock market
stock market

oligopoly
oligopoly

monopoly
monopoly

bank

Answer 11

oligopoly