A prolonged economic contraction is called a recession. The correct option among all the options that are given in the question is the second option or option "B". Recession is a huge downturn in the economy that lasts for more than a few months. It has a great effect on the industrial production, income, employment etc.
Collection of the facts to determine whether injustices
exist;negotiation;self-purification;and direct actionhere you go i had
to do this for a class :] thought id help you out good luck(he forgot
collecting funds)
<span>The remainder operator is also called the modulus operator, and works on integers, resulting in the remainder when the quotient is divided by the dividend. It need not follow division, and the forward slash represents a standard division problem.</span>
Answer:
Globalization
Explanation:
- Economic restructuring: it refers to the phenomenon of shifting between two types of economies (from a manufacturing to service economy or agricultural to manufacturing economy)
- Outsourcing: refers to obtains good from an outside supplier instead of from an internal source.
- Skill-biased technological change: is a shift in production that favors skilled over unskilled labor.
- Globalization: it refers to the interdependence of the world's economies, cultures, and populations by cross-border trade of goods and products.
In this example, the components of Nike tennis shoes are produced in <u>different parts of the world, assembled in China and sent to the States.</u>
Since this refers to the interdependence of different countries economies, this is an example of Globalization.
