According to Moody's Analytics, between the pre-recession high in the second quarter of 2008 and the low reached in the first quarter of 2009, the Great Recession resulted in a loss of more than $2 trillion in global economic growth, or a decline of about 4 percent.
The global financial crisis, which began in developing nations in late 2007, had a significant impact on developing countries. Emerging and developing economies' economic growth sharply decreased from 13.8% in 2007 to 6.1% in 2008 and 2.1% in 2009. (IMF, 2009a, and 2010). Cheap credit and loose lending rules, which created a housing bubble, were the root causes of the Great Recession of 2008.
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Answer:D-
Explanation: Definition Linkbase.
This is a way of presenting financial information in a concept by concept format.
Answer: Global Company
Explanation:
<u>A Global Company</u> is a type of multinational corporation that centralizes its management and other decisions in the home country.
None of these answers are correct. However, I will assume you accidentally wrote "global economy" instead of "global company" because global company is actually the answer.
Answer:
the employee is able to return to his or her regular job or a new position
Answer:
3. Opportunity Cost
1. Marginal Decisions
2. Resource Scarcity
Explanation:
Opportunity cost or implicit is the cost of the next best option forgone when one alternative is chosen over other alternatives.
If David buys the camera he would forgo the opportunity to buy a tv and if he buys a tv, he forgoes the opportunity to buy a camera.
Marginal decisions look at the benefit of increasing or decreasing an input by little units. Here, the educational company is considering the marginal benefit of increasing the numbers of economist by one unit.
Ava has limited time to do all she would like to do. Time here is a scarce resource. Her wants her limited but the resources are scarce.