Well, its actually bit complicated but Ill get into one of the biggest issues.
So, 2008, seeing that youre in high school, you were most likely here to experience it. There was the huge economic collapse building up because houses were gaining worth.
Because of this, investors began to see a chance at making large sums of money by doing something that you would think would end up bad.
Giving loans to people with bad credit score to buy houses.
They knew these people were more likely to default on their loans, the investor would then by law own the house and because prices are rising, they know they are going to make a ton.
This kept building and building and the houses were being defaulted on constantly and overtaken.
Well, supply and demand. You have a ton of houses with people kicked out and the people that need houses are the people with bad credit score that were just kicked out.
So there was a need for housing, but only for people who could not afford it.
The pricing of housing plummeted and many investors who had on credit made the investment, had to declare bankruptcy.
This is obviously a more simple overview but it was so bad that the economy dipped down to its lowest point since the great depression. Government worked very hard to try and control the situation and contain it from causing the final economic collapse of society and right now, we are in an "okay" economy so it seems that the restrictions worked.
Government had to intervene in the free market because if they did not, the economy would collapse.
And just to add, by saying we are in an "okay" economy, thats an understatement. Its insane the amount of stuff we have compared to other countries.
You may think that if we chose a random person, he would kinda be like you. Well, turns out we are the minority in the world.
There are only around 43% of people with access to internet. People have easier access to phones than they do to clean water.
The economy is complex but I hope this peaked your interest in it
Answer:
False.
Explanation:
Massive job loss comes about from a change in the nature of work. For instance, how many indentured servants have you seen in the past year?
As we are in the information age, the boomer population has not been able to keep up with information demands. Many of the boomer populations still worked trade jobs and repretivive task jobs. Many jobs in the US, begun shifting away from US work source because it was too expensive. However, this does not mean that outsourcing is the "bad culprit" here. What it means, is that the US was not able to accomodate the boomer populations losing a big percentage of blue collar jobs. In fact, the specace that boomers has left behind is so big, that many young adults today are seeing a monopoly in the trading market, where there is not alot of applicants for industry jobs, trade jobs etc. Because factories needed to fill in these spots, alot of them ended up simply purchasing reobotic technology so that they wouldnt worry about this issue again.
Your statement is very misguided.
Dr. Smith conducts experiments to learn more about how individuals gather, store, and process information. Dr. Smith's theoretical perspective is best described as cognitive.
<span>Cognitive Approach is the p</span>sychological perspective concerned with how we receive, store, and process information; think/reason, and use language.
A nurse assesses a patient admitted with deep partial-thickness and full-thickness burns on the face, arms, and chest. The assessment finding would alert the nurse to a potential complication "It is normal to feel some depression."
A worry in medicinal drug, or medical complication, is an adverse end result of a disease, fitness condition, or treatment. headaches may adversely affect the prognosis, or outcome, of a sickness.
Signs may be similar for plenty of special situations, but docs frequently use them whilst making choices about analysis and remedy. as an instance, some signs of the common cold are a runny nose and sneezing, however, those may also be signs of hypersensitive reactions. A problem is an unfavorable result of a disorder.
Commonplace diabetes health headaches encompass coronary heart disease, persistent kidney disease, nerve damage, and other issues with feet, oral fitness, vision, listening to, and mental fitness. learn how to prevent or put off those diabetes complications and a way to enhance standard fitness.
Learn more about complications here brainly.com/question/27126500
#SPJ4
The data from the map showed that Green revolution and farm mechanization helped to improve rice production in Southeat Asia and less developed countries of the world.
<h3>What is scale of analysis?</h3>
Scale of analysis of a map refers to the different units of measurement used to describe different aspects of the world.
The scale of analysis used in the two maps is economic scale of analysis.
Based on the data from the map;
- Southeast Asia are shaded in a single color in the world map but differently in the regional map since it represents the overall regional production of rice.
- The rice production data for Southeast Asia and West Africa is 0.5 ton 1.0 ton per acre indicating intensive land use for rice production.
- The use of machines in farming helped to increase food production making the Green revolution possible.
- The Green revolution resulted in increase food production in less developed countries.
- Mechanization improved rice production in less developed countries.
- The use of agricultural chemicals such as fertilizer and pesticides helped to improve rice production worldwide.
Learn more about Green revolution at: brainly.com/question/25077523
