The superficial change in a system which itself stays invariant is termed <u>First-order</u> while the basic change in the structure of a system is called a <u>second-order</u>.
<h3>What is a
change?</h3>
This refers to any consistent trend in the environment that affects a substantial part of the globe.
However, the First-order is used when for the superficial change in a system and the Second-order is used for the basic change in the structure of a system.
Therefore, the "First-order" and "Second-order" are the respective answers.
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The answer that fits the blank is the term CHANCE. There would always be variability between the groups because of the variability of the given samples and how these samples are being treated in the first place. This is when chances enter.
Communism is an economic system where the group owns the factors of production. In countries, the government represents the group.
Yes, initially if anything is written in a formal matter the tone and the context of the text or passage shall be written in a formal matter.
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.
