What is the estimated chance of a global recession occurring this year according to JP Morgan?

• 30%

• 50%

• 60%

• 80%

Which economic indicator reached its fourth highest level on record, suggesting market volatility?

• S&P 500

• NASDAQ

• Dow Jones Index

• VIX

Why might central banks find it difficult to cut interest rates during this downturn?

• High unemployment rates

• Political pressure

• Concerns about inflation

• Lack of monetary policy tools

What do global businesses need besides low tariffs to maintain confidence in trade?

• Access to cheap labor

• Government subsidies

• High profit margins

• Stable trade rules

How did China's entry into the WTO in 2001 affect US incomes?

• It increased US incomes as if tariffs fell by 13%

• It had no effect on US incomes

• It led to a trade war with the US

• It decreased US incomes by 13%