Related to the Economics in Practice on p.695: During the recession of 2008-2009,the trade feedback effect was evident between developed economies as economic ________ in one country led to worldwide economic ________,which in turn led to ________ in the first country

Question

Quizplus · Accepted Answer

The trade feedback effect refers to how changes in trade between countries affect each other's economies. In this case, the recession led to a decline in economic activity in one country, which then spread to other countries, leading to a further decline in the first country. This is consistent with option B, where there is a decline in both countries, leading to a further decline in the first country.

Related to the Economics in Practice on P