Quiz: What causes an economic recession? - Richard Coffin

Test your understanding of the specific concepts, facts, and details covered in this video about the causes and nature of economic recessions, from ancient Britain to modern times.

Business mixed 8 Questions Video Quiz

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Q1 Beginner 1 pts

According to the video, around what year did Britain experience a bronze-related economic crisis? Video Reference:
"But around 800 BCE, that began to change: the value of bronze declined, causing social upheaval and ..."

Timestamp: 0:15

800 BCE 700 BCE 900 BCE 600 BCE

Q2 Intermediate 2 pts

The video explains that a recession occurs when there is a negative disruption between which two economic factors? Video Reference:
"recessions occur when there is a negative disruption to the balance between supply and demand..."

Timestamp: 0:45

Supply and demand Interest and inflation Borrowing and lending Production and consumption

Q3 Intermediate 2 pts

According to the video, which statement about inflation is true? Video Reference:
"In fact, a low inflation rate is thought to encourage economic activity..."

Timestamp: 1:30

True

False

Q4 Intermediate 2 pts

What specific example does the video give of how a natural disaster can lead to a recession? Video Reference:
"An earthquake, for example, can destroy the infrastructure needed to produce important commodities s..."

Timestamp: 2:00

An earthquake destroying oil infrastructure A flood damaging crop production A hurricane affecting shipping routes A drought impacting agriculture

Q5 Advanced 3 pts

According to the video, which psychological factor can contribute to a recession? Video Reference:
"Fear of a recession can become a self-fulfilling prophecy if it causes people to pull back investing..."

Timestamp: 2:30

Fear of a recession becoming self-fulfilling Consumer optimism about growth Market excitement Industrial confidence

Q6 Beginner 1 pts

How did the Bronze Age recession in Britain eventually end, according to the video? Video Reference:
"The Bronze recession in Britain eventually ended when the adoption of iron helped revolutionize farm..."

Timestamp: 3:00

The adoption of iron and improved farming Return of bronze value Increased trade New monetary policies

Q7 Advanced 3 pts

The video states that government policies intended to prevent recessions can actually contribute to them. Video Reference:
"But these policies are not sustainable and eventually need to be reversed to prevent excessive infla..."

Timestamp: 3:20

True

False

Q8 Intermediate 2 pts

What specific components does the video identify as reflecting an economy's relationship between supply and demand? Video Reference:
"An economy's relationship between supply and demand is reflected in its inflation rates and interest..."

Timestamp: 1:00

Select all correct answers

Inflation rates Interest rates Exchange rates Tax rates

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Quiz: What causes an economic recession? - Richard Coffin

According to the video, around what year did Britain experience a bronze-related economic crisis? Video Reference: "But around 800 BCE, that began to change: the value of bronze declined, causing social upheaval and ..." Timestamp: 0:15

The video explains that a recession occurs when there is a negative disruption between which two economic factors? Video Reference: "recessions occur when there is a negative disruption to the balance between supply and demand..." Timestamp: 0:45

According to the video, which statement about inflation is true? Video Reference: "In fact, a low inflation rate is thought to encourage economic activity..." Timestamp: 1:30

What specific example does the video give of how a natural disaster can lead to a recession? Video Reference: "An earthquake, for example, can destroy the infrastructure needed to produce important commodities s..." Timestamp: 2:00

According to the video, which psychological factor can contribute to a recession? Video Reference: "Fear of a recession can become a self-fulfilling prophecy if it causes people to pull back investing..." Timestamp: 2:30

How did the Bronze Age recession in Britain eventually end, according to the video? Video Reference: "The Bronze recession in Britain eventually ended when the adoption of iron helped revolutionize farm..." Timestamp: 3:00

The video states that government policies intended to prevent recessions can actually contribute to them. Video Reference: "But these policies are not sustainable and eventually need to be reversed to prevent excessive infla..." Timestamp: 3:20

What specific components does the video identify as reflecting an economy's relationship between supply and demand? Video Reference: "An economy's relationship between supply and demand is reflected in its inflation rates and interest..." Timestamp: 1:00