The merit system
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Statement that describes what members of a culture are able to do, when culture is seen as one that create a context for behavior is : determine the proper behavior for a cultural situation.
- Culture is very important in the society, because it serves as way of life, it helps to regulate the behavior in the society.
- Different region has different cultures which means our behaviors differs through the universe.
We can conclude that culture serve as way of life.
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Self control is my best guess
Hope I helped-beanz :)
Changes in fiscal policy that stimulate ad in a recession without the need for explicit action by policymakers are called Automatic Stabilizers
Automatic Stabilizers
Automatic stabilizers are a type of fiscal policy that is designed to offset fluctuations in a country's economic activity through normal operation without the need for additional, timely authorization from the government or policymakers.
During a recession, automatic stabilizers can alleviate household financial stress by lowering tax bills or increasing cash and in-kind benefits, all without requiring changes to the tax code or new legislation. When a household's income falls, for example, it generally owes less in taxes, which helps to soften the blow.
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Subprime mortgages were considered toxic assets because mortgages were bought by investment banks and they bundled them and sold them as securities is True.
<h3><u>Explanation:</u></h3>
Toxic assets are those which can be sold a very low price therefore not making any profit for the seller due to significant drop of value or because they aren’t in demand anymore and cannot be sold in the market. Subprime mortgages were one of the risky investments in the midst of the financial recession.
Subprime mortgages from lenders were loaned to borrowers with no assets, poor credit and sometimes not even an income and sold to investors with regular payments as security. This over securitization was one of the major cause that triggered the financial crisis in 2007-2009 and a decrease in housing demand.