Understanding Economic Concepts

What is a recession?

• Economic growth

• Decline in economic activity

Why might politicians avoid using the term 'recession'?

• It can cause fear and reduce consumer spending

• It is not recognized by economists

What is causing economic uncertainty in the US?

• Stable trade policies

• Fast-paced economic policy changes

What is an effect of tariffs?

• They push up prices and reduce growth

• They stabilize the market

Which country does NOT border the North Sea?

• Great Britain

• Spain

What is currently affecting the US stock market and economy?

• Inflation fears

• Recession fears

How long ago was the US Stock Market at its peak before recent economic concerns?

• 30 days

• 60 days

What is a recession?

• Economic growth

• Decline in economic activity

Which is NOT a cause of economic uncertainty?

• Tariffs

• Natural disasters

What occurred in the North Sea recently?

• An oil spill

• A cargo ship crashed into an oil tanker