Economic Concepts and Environmental Issues

What is a recession?

• Decline in economic activity

• Increase in consumer spending

Why might politicians avoid using the term 'recession'?

• It can cause fear and reduce 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?

• Spain

• Germany

What was the environmental concern from the cargo ship crash in the North Sea?

• Air pollution

• Oil spill and wildlife harm

What is currently affecting the US stock market and economy?

• Inflation fears

• Recession fears

How long ago was the US Stock Market at all-time highs?

• 30 days

• 60 days

What is a recession?

• Decline in economic activity

• Boom in stock market

Which is NOT a cause of the current economic uncertainty?

• Tariffs

• Mass layoffs of federal workers