{"id":25528,"date":"2026-10-16T23:29:38","date_gmt":"2026-10-16T17:29:38","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/new-jersey-economic-diversification\/"},"modified":"2026-10-16T23:29:38","modified_gmt":"2026-10-16T17:29:38","slug":"new-jersey-economic-diversification","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/new-jersey-economic-diversification\/","title":{"rendered":"What is economic diversification?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">What is economic diversification?<\/p>\n\n\n<ul class=\"quiz-options\">\n<li>Making every employer produce the same product<\/li>\n<li>Having several industries with different responses to shocks<\/li>\n<li>Eliminating the service sector<\/li>\n<li>Relying entirely on one seasonal business<\/li>\n<\/ul>","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","subject":[3258],"topic":[3995,3975],"education_level":[1896],"class_list":["post-25528","mcq","type-mcq","status-publish","hentry","subject-us-economy","topic-new-jersey-economic-geography","topic-new-jersey-facts","education_level-hsc"],"mcq_note":"<p><strong>A diversified state economy contains different industries that do not all respond identically to economic shocks.<\/strong><\/p>\n<p>A diversified economy spreads activity across sectors such as health care, manufacturing, finance, and tourism. It may reduce vulnerability to a shock affecting only one industry, though not to every recession. Diversification protects imperfectly because some economic shocks affect all industries.<\/p>","mcq_options":[{"right":"no","answer":"Making every employer produce the same product"},{"right":"yes","answer":"Having several industries with different responses to shocks"},{"right":"no","answer":"Eliminating the service sector"},{"right":"no","answer":"Relying entirely on one seasonal business"}],"multi_answers":"no","subject_terms":[{"id":3258,"title":"U.S. Economy","slug":"us-economy"}],"topic_terms":[{"id":3995,"title":"New Jersey Economic Geography","slug":"new-jersey-economic-geography"},{"id":3975,"title":"New Jersey Facts","slug":"new-jersey-facts"}],"education_level_terms":[{"id":1896,"title":"HSC","slug":"hsc"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/25528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=25528"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=25528"}],"wp:term":[{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=25528"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=25528"},{"taxonomy":"education_level","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/education_level?post=25528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}