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France has just reduced its automaker industry. What has it just undergone?

a) Economic expansion
b) Economic contraction
c) Industrial revolution
d) Trade deficit

User Vmank
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1 Answer

2 votes

Final answer:

France reducing its automaker industry reflects an economic contraction, which is a period when the economy and industries shrink and not an expansion, industrial revolution, or directly related to a trade deficit.

Step-by-step explanation:

France has just reduced its automaker industry, which indicates that it has undergone an economic contraction. This term refers to a period in which the economy is shrinking, characterized by a decrease in industrial production, consumer demand, and various economic activities. Economic expansion is the opposite, where the economy grows and industries usually increase their output. Industrial revolution is a term that refers to a historical period of economic change and vast industrial growth, so it is not applicable to the current scenario. Lastly, a trade deficit occurs when a country's imports exceed its exports, which does not directly relate to the size of an industrial sector.

User Dan Ovidiu Boncut
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