1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleonysh [2.5K]
4 years ago
7

Why is the greece financial crisis described as a depression and not a recession?

Business
1 answer:
Alex73 [517]4 years ago
6 0

<span>The financial crisis in Greece is described as depression rather than recession is because the Greece’s economy had taken a severe and sustained economic downturn. Greece’s economy has been marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced. Depression is a more severe form of recession. Recession lasts a few months, while depression lasts longer. </span>

You might be interested in
What are the elements of the tort of negligence??
natali 33 [55]
<span>What are the elements of the tort of negligence??
                                        Answer:</span><span>*Presence of a Duty of Care. The first element is establishing the presence of a duty owed by one person to another.

 *Someone Breached Their Duty. The second element is a breach of the duty owed by one person to another.

*The Breach Directly Causes Injuries. <span>

 *Proving Monetary Losses.</span></span>
4 0
3 years ago
A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live foreve
Natalka [10]

Answer:

The correct response is Option b (1.60%).

Explanation:

According to the question,

Initial investment,

= $50,000

Perpetual annual cash flows,

= $800

Now,

The interest rate will be:

= \frac{Perpetual \ annul \ cash \ flows}{Initial \ investment}

On substituting the given values, we get

= \frac{800}{50,000}

= 0.016

i.e.,

= 1.60 \ percent

5 0
3 years ago
What clause in a sales contract states under what conditions the buyer can
blagie [28]

Answer:

A listing agreement is the document you use to commit to working with a specific real estate agent. Before you sign a listing agreement, ask your agent whether you can be released for any reason, even if that reason is, "I want to list with another broker." If your agent tells you, "No," you might not want to list it with their company.

If you didn't ask your agent about canceling before signing, be aware that exclusive right-to-sell listings contain a safety or protection clause.6

If you ask an agent after the fact to cancel the listing, and they refuse, call their brokerage and request a cancellation. Your listing, believe it or not, is not between you and your agent. It is between you and the brokerage.

If the broker rejects your request for cancellation, then ask the brokerage to assign another agent to you. Most brokers are happy to assign another agent and keep the listing in-house. The brokerage will often pay your fired agent a referral fee.

If there are no workable solutions, call a real estate lawyer for termination assistance, but first, tell the brokerage of your intentions to do so. Sometimes that’s enough to get a release.

Ask your agent to give you a form called "termination of buyer agency." The TBA issued by the California Association of Realtors, for example, will cancel oral or written agency agreements when properly acknowledged and executed.

8 0
2 years ago
If there is no product differentiation at​ all, then the individual firm has a demand curve that is A. slightly downward sloping
Keith_Richards [23]

Answer:

C) perfectly elastic and identical to the firm in perfect competition.

Explanation:

In a perfectly competitive market, firms supply identical products, so the customers are indifferent towards buying the product from any supplier. What makes a monopolistic competition market different is that products are differentiated, so the customers will choose from which supplier to purchase the product.

When the products are identical (not differentiated), then the firm's demand curve will be perfectly elastic because a change in price will make their customers simply change the supplier. I.e. the products are all substitutes.

5 0
3 years ago
Read 2 more answers
A photocopier cost $105,000 when new and has accumulated depreciation of $96,000. if the business discards this plant asset, the
Ahat [919]

A photocopier cost $105,000 when new and has accumulated depreciation of $96,000. if the business discards this plant asset, the result is a loss of 9,000.

During the asset's anticipated useful life, depreciation is allocated in order to charge a fair percentage of the depreciable amount in each accounting period. Amortization of assets with predetermined useful lives is included in depreciation. Depreciation enables businesses to recoup the cost of an item at the time of acquisition. Instead of collecting the full cost of an asset right away, the technique enables businesses to do so during the asset's lifecycle. This enables businesses to replace current assets with the necessary quantity of revenue in the future.

Subtract the asset's cost from its salvage value (what you anticipate it to be worth at the end of its useful life) to determine depreciation using the straight-line technique. The outcome is the amount or depreciable basis.

Depreciation = asset's cost - salvage value

Depreciation = $105,000 - $96,000

Depreciation = $9,000

To know more about Depreciation refer to:  brainly.com/question/15085226

#SPJ4

4 0
1 year ago
Other questions:
  • The fabric house has sales of $411,800, total equity of $237,400, and a debt-equity ratio of .55. what is the capital intensity
    6·1 answer
  • A complete journal entry does not show the new balance in the accounts affected by the transaction. the accounts and amounts to
    6·1 answer
  • Comparative financial statements for Heritage Antiquing Services for the fiscal year ending December 31 appear below. The compan
    7·1 answer
  • Sunk costs and decision making Rajiv has plans to go to a play and already has a $50 nonrefundable, nonexchangeable, and nontran
    15·1 answer
  • Nibbles Pet Food Corporation is in the process of developing its new market strategy. The marketing team has already established
    10·1 answer
  • You hire an experienced pet industry executive to consult with you both throughout the process. In your first meeting, she prese
    8·1 answer
  • Savings accounts and investment accounts are different in that savings accounts
    8·1 answer
  • A farmer grows wheat, which she sells to a miller for $70. The miller turns the wheat into flour, which she sells to a baker for
    11·1 answer
  • Prior to June 1, Sandler Company had no treasury stock transactions. Then, on June 1, the company paid $5,000 to purchase 100 sh
    15·1 answer
  • Melanie graduated from the College of Business at the University of Arizona. What type of higher education Institution did she a
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!