The answer to your question is b. Sub-Primes.

Here's a step-by-step explanation:

1. A recession is a significant decline in economic activity that lasts for months or even years. It is typically recognized after two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators like employment.

2. Sub-prime lending (option b) refers to the credit given to borrowers with a poor credit score, usually with a FICO score below 640. Sub-prime loans have a higher risk of default than loans to prime borrowers. If not managed properly, sub-prime lending can lead to a financial crisis, which can trigger a recession. This was the case in the 2008 financial crisis.

3. Globalization (option a) refers to the integration and interaction among people, companies, and governments worldwide. While it can have effects on the economy, it is not a direct cause of a recession.

4. An economic system (option c) is the means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country. While the type of economic system can influence how a country handles economic downturns, it is not a direct cause of a recession.

5. Subsidies (option d) are forms of financial aid and support extended to an economic sector. They are typically used to prevent the decline of that sector, not cause it.

So, the most accurate answer to your question would be b. Sub-Primes.

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The answer to your question is b. Sub-Primes.

Here's a step-by-step explanation:

1. A recession is a significant decline in economic activity that lasts for months or even years. It is typically recognized after two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators like employment.

2. Sub-prime lending (option b) refers to the credit given to borrowers with a poor credit score, usually with a FICO score below 640. Sub-prime loans have a higher risk of default than loans to prime borrowers. If not managed properly, sub-prime lending can lead to a financial crisis, which can trigger a recession. This was the case in the 2008 financial crisis.

3. Globalization (option a) refers to the integration and interaction among people, companies, and governments worldwide. While it can have effects on the economy, it is not a direct cause of a recession.

4. An economic system (option c) is the means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country. While the type of economic system can influence how a country handles economic downturns, it is not a direct cause of a recession.

5. Subsidies (option d) are forms of financial aid and support extended to an economic sector. They are typically used to prevent the decline of that sector, not cause it.

So, the most accurate answer to your question would be b. Sub-Primes.

Knowee AI · Accepted Answer

The answer to your question is b. Sub-Primes.

Here's a step-by-step explanation:

1. A recession is a significant decline in economic activity that lasts for months or even years. It is typically recognized after two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators like employment.

2. Sub-prime lending (option b) refers to the credit given to borrowers with a poor credit score, usually with a FICO score below 640. Sub-prime loans have a higher risk of default than loans to prime borrowers. If not managed properly, sub-prime lending can lead to a financial crisis, which can trigger a recession. This was the case in the 2008 financial crisis.

3. Globalization (option a) refers to the integration and interaction among people, companies, and governments worldwide. While it can have effects on the economy, it is not a direct cause of a recession.

4. An economic system (option c) is the means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country. While the type of economic system can influence how a country handles economic downturns, it is not a direct cause of a recession.

5. Subsidies (option d) are forms of financial aid and support extended to an economic sector. They are typically used to prevent the decline of that sector, not cause it.

So, the most accurate answer to your question would be b. Sub-Primes.

Recession is the result of:Select one:a.Globalizationb.Sub-Primesc.Economic Systemd.Subsidies

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