Which of the following is most likely a consequence of the Great Recession of 2008 to 2009?
A) more free-spending on expensive products
B) more demand for credit and debit cards
C) more sensible and mindful consumption
D) less interest in frugality and value
E) less emphasis on sustainable marketing

Question

Quizplus · Accepted Answer

The Great Recession caused many people to lose their jobs, homes, and savings, leading to a shift towards more mindful and sensible consumption. People became more cautious with their spending and focused on saving money, which resulted in a reduction in conspicuous consumption.

Answer: D
 The Great Recession led to a global economic downturn and widespread job losses, causing many people to become more frugal and value-conscious in their spending. This meant that people were less likely to spend money on expensive products and more likely to look for deals and discounts.

Answer: E
 While sustainable marketing had been gaining traction before the Great Recession, the economic downturn caused many companies to focus on survival and profitability over sustainability. As a result, there was less emphasis on sustainable marketing during the Great Recession.

Which of the Following Is Most Likely a Consequence of the Great