Answer:
Macroeconomics deals with the economy as a whole and so deals with how variables such as government spending and interest rates will affect the entire economy not just single entities.
Microeconomics on the other hand, deals with individual entities in the economy and how various variables and decision making will affect them.
A nation prints more money, causing inflation. MACROECONOMICS.
This affects the entire nation not just single entities so it is macroeconomics.
A local store has a buy one, get one free sale. MICROECONOMICS.
This relates to the actions of a single entity in the economy so falls under microeconomics.
Oil production decreases, and gas prices rise nationwide. MACROECONOMICS.
As this concerns the entire nation, it is therefore under the realm of Macroeconomics.
Answer: Functionalist perspective
Hope that helps! Have a good day :)
Answer:
Richard Cloward and Lloyd Ohlin's opportunity deliquency theory.
Explanation:
Deliquency and Opportunity theory states that "American culture generally advances a notion that if we work hard and are smart and capable, we will find suitable employment, but Cloward and Ohlin noted that this isn't always the case. There aren't always enough jobs for everyone, our school systems don't prepare students equally, and we don't all live in neighborhoods that provide us with opportunities.
The opportunities we have available to us determine in many ways if we will turn to delinquency or conform to more legitimate paths. According to Cloward and Ohlin, young people turn to delinquency when they have been boxed out of more legitimate opportunities. An example is when working class young people cannot find a good paying job or achieve middle class status, and they turn to delinquency in an effort to create a better life."
Reference: Cummins, Emily. “Cloward and Ohlin's Delinquency and Opportunity Theory Video.” Study.com, Study.com, 2019
Answer:
Options B & D
Explanation:
Bankruptcy refers to a situation where by a people cannot pay their debts. It involves a legal process.
Option B and D are true.
Many major cities have avoided bankruptcy by being placed under the control of financial control boards by their state governments. As such it they are declared bankrupt by a court are brought under the control of independent trustees whose primary objective is to ensure that obligations to bondholders are satisfied in full.
- A: Per the federal bankruptcy code, a municipality can be declared bankrupt but not insolvent is not true because if you are declared bankrupt, it implies that you are either not paying you loan as due or have stopped paying for a while and it also means you are insolvent. A government can be bankrupt if they cannot pay their debts.
