Several European countries suffered from financial crises at the same time as the United States. Select the country that matches each particular crisis.
a. In 2013, ______________ suffered from an unemployment rate of 25% and huge amounts of debt.
b. ______________ suffered under interest rates of 25% after the recession hit the shipping industry hard.
c. In ______________, the newest member of the Eurozone, politicians have a great deal of control over the banking industry.
d. ______________ was unable to cut the government budget because the courts overturned key laws.
e. The crisis in ______________ began much as it did in the United States, when a housing bubble burst.
f. In spite of many bank failures, the people of ______________ did not want investors and banks to receive a government bailout.
g. ______________ remained in a recession longer than other nations, due to very slow economic growth.
WORD BANK
Ireland
Greece
Portugal
Cypress
Spain
Italy
Slovenia
Answer:
The answer is ‘Spain’
The answer is ‘Greece’
The answer is ‘Slovenia’
The answer is ‘Portugal’
The answer is ‘Ireland’
The answer is ‘Cypress’
The answer is ‘Italy’
Explanation:
While all of these countries had issues in common, particularly government budget deficits leading to high public debt and bank failures because of too many bad loans, each country put its own spin on the crisis scenario. The European Central Bank intervened to buy bad loans and extend emergency credit to the banks of each country. Generally, the ECB also insisted on budgetary reforms as part of the debt agreements.
Spain had the highest unemployment at 25% in 2014. Younger workers were particularly hard hit by unemployment.
In Greece, excessive interest rates (up to 25%) and riots were notable. The public was not in favor of the austerity measures the ECB imposed. The ECB responded by lowering its interest rate for Greece and returning interest payments it had received on Greek bonds.
Slovenia was part of Yugoslavia after World War II, a country made by a peace treaty rather than by the will of the people. The different ethnic groups did not bond well, and the country fell apart after the Soviet Union collapsed in 1990. Banks in the Warsaw Pact nations were owned by the government rather than by private investors, and Slovenia had not yet privatized all of its banks when it joined the Eurozone. This left the banking system vulnerable to political manipulation.
Like the other countries, Portugal agreed to austerity measures intended to cut government spending and get the public debt under control, but the courts struck down laws designed to cut down on spending. As a consequence, Portugal was not able to get its finances in order and unemployment rose to 18%.
Ireland was one of the first to fall into financial crisis when it suffered the bursting of a housing bubble similar to the one in the United States. In response, the government guaranteed all bank deposits against loss if the bank should failure, including the very largest accounts.
In contrast, the people of Cypress made it clear that the government bailouts should not protect the banks and investors who created the problem, so the government did not guarantee all deposits. Unfortunately, this lead to increased instability in the economy.
Italy wins first place in the public debt competition, as its debt is both larger and older than most. The public debt has been over 100% of GDP for a decade. Italy also has not seen much growth over the years, and stayed in a recession longer than the other nations of the Eurozone.
The country that matches each particular crisis is given as follows:
A - ‘Spain’B - ‘Greece’C - ‘Slovenia’D - ‘Portugal’E - ‘Ireland’F - ‘Cypress’G - ‘Italy’.Thus, the full sentences describing the countries will be?In 2013, Spain suffered from an unemployment rate of 25% and huge amounts of debt.Greece suffered under interest rates of 25% after the recession hit the shipping industry hard.In Slovenia, the newest member of the Eurozone, politicians have a great deal of control over the banking industry.Portugal was unable to cut the government budget because the courts overturned key laws.The crisis in Ireland began much as it did in the United States when a housing bubble burst.In spite of many bank failures, the people of Cypress did not want investors and banks to receive a government bailout.Italy remained in a recession longer than other nations, due to very slow economic growth.Learn more about Financial Crises in the European Region at:
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Which statement best summarizes this passage? Segregation of schools harms African American children. Children eventually overcome the effects of segregation. Segregation is a form of separation, not discrimination. Segregation has no association with racial inferiority.
Answer: segregation of schools harm African American children
Explanation:
got it right on Edge
As segregation of schools harms African American children, were statement best summarizes this passage. Thus option (A) is correct.
What is the passage?The length of a passage varies depending on the context and the goal of the extraction. A passage can be, for example, a sentence's clause, a few phrases, or it can be a few pages.
American children are negatively impacted by school segregation. They are unable to socialize with their classmates from different schools, which may cause social isolation. They might experience some type of discrimination and eventually retreat.
Therefore, The right option (A) is correct.
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Why was Earth Day planned for April 22?
A
April 22 was Senator Nelson's birthday.
B
Most college students would be on spring break in April.
C
The weather was likely to be warm and pleasant toward the end of April.
D
Senator Nelson didn't want his new holiday to compete with the 4th of July.
What was the outcome of pro-democracy demonstrations in Tiananmen Square in 1989?
Group of answer choices
a. China opened its doors to foreign trade.
b. People were given the right of free speech.
c. A revolution that ended communist control.
d. The Chinese government sent in troops to end it.
Flag question: Question 2
Question 25 pts
How does the Organization of Petroleum Exporting Countries (OPEC) affect the world economy?
Group of answer choices
a. OPEC helps to set the world’s oil prices.
b. OPEC loans poor countries money for economic development.
c. OPEC protects Israel rights in the Middle East.
d. OPEC works to maintain peace along trade routes.
Flag question: Question 3
Question 35 pts
How do multinational corporations contribute to globalization?
Group of answer choices
a. They sell products around the world.
b. They employ workers in many different countries.
c. They buy resources from many nations.
d. All of the above.
Flag question: Question 4
Question 45 pts
What was the significance of the fall of the Berlin Wall in Eastern Europe?
Group of answer choices
a. It symbolized the breaking down of the barrier between East and West.
b. The collapse of the wall allowed West German troops to invade and occupy East Germany.
c. The Berlin Airlift was no longer needed to supply West Berlin with clothing.
d. Thousands of refugees were able to escape to the west before the wall could be rebuilt.
Flag question: Question 5
Question 55 pts
What leads to the violence in Rwanda between the Hutus and the Tutsis?
Group of answer choices
a. Conflict between Sunni and Shi’a Muslims
b. The Hutus were communist and the Tutsis were not
c. Power struggle that lead to the Hutus killing the Tutsis
d. Militarism and alliances
Flag question: Question 6
Question 65 pts
What impact has technology had on the world’s economy?
Group of answer choices
a. It has created new industries in both Asia and the Western world.
b. It has caused a depression in developing nations.
c. It has created the need for a single currency.
d. All choices are correct
Flag question: Question 7
Question 75 pts
Why was the United Nations created?
Group of answer choices
a. to protect against the communism
b. to control international trade
c. to promote international cooperation
d. to govern developing nations
Flag question: Question 8
Question 85 pts
What led to the break-up of the Soviet Union?
Group of answer choices
a. Debt because of reparations after WWII
b. The Treaty of Versailles
c. Soviet republics declaring independence
d. Involvement in world conflict
Flag question: Question 9
Question 95 pts
How did Gorbachev's glasnost and perestroika policies help lead to the collapse of the Soviet Union?
Group of answer choices
They weakened Soviet control of satellite countries
They decreased the freedom of Soviet citizens
They increased Soviet economic control over Eastern Europe
They increased use of military to crush uprisings
Flag question: Question 10
Question 105 pts
Which of the following contributed to the Rwandan Genocide?
Group of answer choices
European colonists continued to control the economy in Rwanda
European colonists took back control of the Rwandan government
European colonial policies had reinforced ethnic prejudices
The threat of terrorism and nuclear war led to ethnic tensions
Answer:
The Tiananmen Square protests were student-led demonstrations calling for democracy, free speech and a free press in China. They were halted in a bloody crackdown, known as the Tiananmen Square Massacre, by the Chinese government on June 4 and 5, 1989.
Pro-democracy protesters, mostly students, initially marched through Beijing to Tiananmen Square following the death of Hu Yaobang. Hu, a former Communist Party leader, had worked to introduce democratic reform in China. In mourning Hu, the students called for a more open, democratic government. Eventually thousands of people joined the students in Tiananmen Square, with the protest’s numbers increasing to the tens of thousands by mid-May.
READ MORE: Communism Timeline
At issue was a frustration with the limits on political freedom in the country—given its one-party form of government, with the Communist Party holding sway—and ongoing economic troubles. Although China’s government had instituted a number of reforms in the 1980s that established a limited form of capitalism in the country, the poor and working-class Chinese still faced significant challenges, including lack of jobs and increased poverty.
The students also argued that China’s educational system did not adequately prepare them for an economic system with elements of free-market capitalism.
Some leaders within China’s government were sympathetic to the protesters’ cause, while others saw them as a political threat.
Martial Law Declared
On May 13, a number of the student protesters initiated a hunger strike, which inspired other similar strikes and protests across China. As the movement grew, the Chinese government became increasingly uncomfortable with the protests, particularly as they disrupted a visit by Prime Minister Mikhail Gorbachev of the Soviet Union on May 15.
A welcome ceremony for Gorbachev originally scheduled for Tiananmen Square was instead held at the airport, although otherwise his visit passed without incident. Even so, feeling the demonstrations needed to be curtailed, the Chinese government declared martial law on May 20 and 250,000 troops entered Beijing.
By the end of May more than one million protesters had gathered in Tiananmen Square. They held daily marches and vigils, and images of the events were transmitted by media organizations to audiences in the United States and Europe.
Tiananmen Square Massacre
While the initial presence of the military failed to quell the protests, the Chinese authorities decided to increase their aggression. At 1 a.m. on June 4, Chinese soldiers and police stormed Tiananmen Square, firing live rounds into the crowd.
Explanation:
What was one benefit of being a scribe?
A) Scribes were buried in the pyramids.
B) Scribes only worked for the pharaoh.
C) Scribes were able to travel throughout the world.
D) Scribes had more comfortable lives than other people.
What factors hinder environmental protection efforts in Eastern Europe
Explanation:
The factors that hindered environmental protection efforts in Eastern Europe were economic development and enforcement.
Air pollution, water consumption and soil degradation are two of the most important environmental issues that affect Eastern Europe. The European Environment Agency (EEA) has made some efforts in order to protect vulnerable groups such as children, the elderly, and the poor in Eastern Europe. but economic problems and lack of enforcement in those countries limit the implementation of programs.
Banks in Ruritania have a required reserve ratio of 5%. Round all answers to one place after the decimal.
What is the simple money multiplier?
simple money multiplier: $____________
Money leakages, however, are quite high. Required reserves and leakages amount to 40% of deposits. What is the leakage-adjusted money multiplier?
leakage‑adjusted money multiplier $_____________
If a financial crisis develops in Ruritania, with numerous loans going into default, is the money multiplier likely to increase or decrease?
- increase
- decrease
Which example does not represent a leakage from the money multiplier process?
- cash held by foreigners
- excess reserves
- cash held by the Fed
- cash held by individuals
Money is created when a bank receives a deposit, sets some of the funds aside for reserves, and loans out the rest. Deposits have at this point increased by the amount of the original deposit and the amount of the loan.
The size of this money multiplier depends on the required reserve ratio, the part held back by the banks, much as the expenditure multiplier depends on the marginal propensity to save, the part of income held back rather than consumed.
Simple Money Multiplier= 1/Required reserve ratio
Simple Money multiplier= 1/5%
Simple Money Multiplier= 100/5
Simple Money Multiplier= 20
But this is really an oversimplified view because it assumes that everyone deposits all of their money into the bank and that the banks loan out all they are legally allowed. Neither assumption is accurate. Individuals and firms hold cash, banks hold reserves in excess of the requirement, and some funds leave the country and are held by foreigners. These are referred to as leakages; a more accurate money multiplier would account for these leakages as well as required reserves.
Leakage adjusted money multiplier= 1/Required reserves+leakages%
Leakage adjusted money multiplier= 1/40%
Leakage adjusted money multiplier= 100/40
Leakage adjusted money multiplier= 2.5
With leakages, less is loaned out throughout the multiplier process, and the resulting money multiplier is smaller. During financial crises, banks are more hesitant to make loans, and so excess reserves will increase. The money multiplier therefore decreases.
This is because during financial crisis the banks aren't willing to engage into transactions more,they aren't willing to lend and accept deposits due to more such possibilities of default as a result the monetary base falls and reserve requirements rises (to restrict money supply).
Cash held by the Federal Reserve is not a leakage because this cash is not even part of the official money supply. It becomes money only when it leaves the Fed and circulates among firms, banks, and individuals.
Describe TWO different reasons that South Carolina’s rice plantations depended on enslaved Africans.
Because they knew how to plant, grow, harvest, and perform well through the difficulties in the labor intensive crop. They were native and experienced.
Hieratic writing was first used for ___________.
A) letter writing
B) public announcements
C) royal and sacred documents
D) government documents
Answer:
A) letter writing
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Paraphrase When you paraphrase, you restate a text in your own words. Paraphrase Romeo’s thoughts in act III, Scene iii, lines 29-51. (b) Criticize How would you describe Romeo’s response in these lines?
The line " This is Dear mercy, and thous seest it not" this lines depicts according to Friar, that the punishment was a type of mercy and he should be grateful.
What was the line about?The lines from act III, scene III of Romeo and Juliet is one that Friar Laurence makes Romeo to understand that he had to be grateful for this punishment given to him
When Romeo knows about his punishment for his act of killing Tybalt and that it was banishment, he informs Friar Lawrence that he prefer death than been banished but Frair made him to see reasons why it was better.
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Indicate which group within the Federal Reserve System has responsibility for each action listed below,
a. Supervises and regulates member banks
b. Distributes coin and currency
c. Appointed by the president to serve 14 year terms
d. Oversees national banking and consumer credit regulation
e. Oversees the buying and selling of government securities as a form of monetary policy
f. Comprises the Board of Governors and five regional bank presidents
g. Provides information on regional economic conditions through the Beige Book report
WORD BANK
- Regional Federal Reserve District Banks
- Board of Governors of the Federal Reserve System
- Federal Open Market Committee
a. Regional Federal Reserve District Banks
b. Regional Federal Reserve District Banks
c. Board of Governors of the Federal Reserve System
d. Board of Governors of the Federal Reserve System
e. Federal Open Market Committee
f. Federal Open Market Committee
g. Regional Federal Reserve District Banks
The 12 regional Federal Reserve District Banks are responsible for supervising and regulating the member banks within their districts, distributing coin and currency, and providing information on current regional economic conditions to the Board of Governors and the Federal Open Market Committee, or FOMC.
The Board of Governors consists of seven members, with each member appointed to a 14 year term by the president. The Board of Governors is responsible for the oversight of the banking industry in general, as well as consumer credit regulations.
The Federal Open Market Committee, or FOMC, is responsible for open market operations, the main tool of monetary policy. The FOMC is comprised of the seven members of the Board of Governors, as well as five presidents of the various regional Fed banks.
Identify how each of the scenarios affects short‑run aggregate supply.
a. The U.S. government increases the minimum wage.
b. Widespread adoption of the Internet by businesses increases productivity and efficiency.
c. The government decreases the payroll tax paid by employers.
d. The U.S. government decreases the personal income tax rate paid by households.
WORD BANK
increase
decrease
no change
Answer:
a. decrease
b. increase
c. increase
d. no change
Explanation:
A higher minimum wage increases labor costs for the firm and aggregate supply decreases.
An increase in productivity caused by the Internet increases the aggregate supply curve.
A decrease in taxes paid by firms reduces operating costs and causes the aggregate supply curve to increase.
If businesses anticipate a recession, the aggregate supply curve decreases as firms cut production levels.
A decrease in the personal income tax rate paid by households has no impact on aggregate supply; this would impact aggregate demand.
HURRY ANSWER I THINK I GONNA FAIL I WILL MARK BRAINLY ASAP. Which term refers to only small amounts of certain items such as meat, sugar, coffee, and gasoline being sold to citizens during a war? (1 point) O dictator O neutral O ration O reparation
Answer:
looked it up
Explanation:
Answer:
The Correct Answer Is Ration
Explanation:
Every American A Series Of RATION Books.
What is the major difference between nuclear and extended families?
Answer:
The major difference between nuclear and extended families is that a nuclear family simply includes a mother, father and children, while the extended family includes them but additional members such as grandparents, aunts, uncles, nieces, nephews and more.
Explanation:
please help me out if you can thank you!!!
discuss three contributing factors that led to the gender based violence
Answer: Gender-based violence has many causes but we've identified three key factors — and outlined ways we're working to address them.
Harmful Gender Norms. Gender stereotypes and are often used to justify violence against women.
Hunger
War and conflict
Explanation:
Can I get some help with this?
Answer:
use your text book if you have one
Explanation:
that will probably help a lot
Suppose that you are employed as an advisor to the central bank. Select the proper policy recommendation or economic prediction for each of the following scenarios.
Which policy is appropriate when a rising aggregate price level is a concern but GDP is growing at an acceptable rate?
- expansionary monetary policy (easy money policy)
- It is unclear which type of monetary policy is appropriate.
- contractionary or restrictive monetary policy (tight money policy)
Which policy is appropriate when a rising aggregate price level is a concern and GDP is not growing at an acceptable rate?
- It is unclear which type of monetary policy is appropriate.
- expansionary monetary policy (easy money policy)
- contractionary or restrictive monetary policy (tight money policy)
Contractionary or restrictive monetary policy (tight money policy) will cause interest rates to
- decrease.
- increase sometimes and decrease sometimes.
- increase.
Answer:
1. contractionary or restrictive monetary policy (tight money policy)
2. It is unclear which type of monetary policy is appropriate.
3. increase.
Explanation:
Recall that monetary policy typically implies a tradeoff between GDP and inflation. This can be illustrated with a graph depicting aggregate demand (AD) and aggregate supply (AS).
Expansionary monetary policy describes actions that increase the money supply. As more money is put into circulation, the interest rate declines, and consumption and investment spending increase. Thus, expansionary monetary policy causes the AD curve to shift to the right. This increases GDP but also implies that the price level rises (also known as inflation). Contractionary monetary policy has the opposite impact: a decrease in GDP and a decrease in the price level.
For the first scenario, contractionary monetary policy is appropriate. This type of policy response would address concerns of inflation. The downward pressure on GDP is not too troubling because GDP is said to be growing at an acceptable rate.
For the second scenario, it is unclear how monetary policy should be used. Expansionary monetary policy would help stimulate GDP but would exacerbate the problems associated with inflation. Contractionary monetary policy would help with inflation but would worsen the lack of economic growth.
Contractionary monetary policy causes interest rates to increase.
Contractionary or restrictive monetary policy (tight money policy) is appropriate when a rising aggregate price level is a concern but GDP is growing at an acceptable rate. The correct option is C.
How does contractionary monetary policy affect price level?The economy has less loanable money when there is a contractionary policy in place. The price of borrowing money increases as interest rates rise because, like with all goods, scarcity increases the price.
In this scenario, inflation is a concern as the aggregate price level is rising, indicating that the purchasing power of money is decreasing. A contractionary monetary policy, such as raising interest rates or reducing the money supply, can help to reduce inflationary pressures and stabilize prices. While this policy may slow down economic growth to some extent, it is still appropriate in this situation since GDP is already growing at an acceptable rate.
Thus, the ideal selection is option C.
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When selecting federal judges is the president required to get Congressional approval? Why or why not?
Answer:
Judges of the supreme Court.” The process of appointing Justices has undergone changes over two centuries, but its most basic feature—the sharing of power between the President and Senate—has remained unchanged: To receive appointment to the Court, a candidate must first be nominated by the President and then confirmed
What does the ability to build great buildings out of stone tell you about maya political power?
Answer:
The ability to build great buildings out of stone tells you that Mayan political power was needed to build them. Mayan architecture was remarkable because of scale because the Mayan buildings were very big.
Explanation:
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distinguish between right and responsibility
Which of the following resulted from the recent renegotiation of NAFTA?(1 point)
The economic gap decreased between member nations.
A uniform currency was established for all member nations.
Government contracts were offered to all members.
Agricultural trade was improved across all member nations.
Answer:
Real answer is: Agricultural Trade was improved across all member nations
Explanation:
Agricultural trade was improved across all member nations is the resulted from the recent renegotiation of NAFTA. Hence, option D is correct.
What is NAFTA?The most significant aspect of the bilateral commercial relationship between the United States and Mexico is the North American Free Trade Agreement, which was passed in 1994 and established a free trade zone for Mexico, Canada, and the United States.
The North American Free Trade Agreement (NAFTA), which was signed by Canada, Mexico, and the United States in 1992 and came into force on January 1, 1994, created a free-trade zone in North America. The majority of commodities produced by the signatory countries were immediately free of tariffs thanks to NAFTA.
Some detractors claim that NAFTA is to blame for job losses and pay stagnation in the U.S. because Mexican enterprises' competition has compelled many U.S. businesses to move to Mexico.
Thus, option D is correct.
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how does teenage pregnancy at schools affect teachers
Answer:
Teenage pregnancy has a negative impact on the pregnant learners themselves.
Explanation:
Effects of teenage pregnancy on learners at school
Teenage pregnancy has a negative impact on the pregnant learners themselves. Their situation leads to exclusion from peer groups, poor performance or even to their dropping out of school. However, sometimes their pregnancy is the result of a deliberate act because it is seen as fashionable.
changes seen in nepal
Which of the following was NOT part of the Republican party's platform in the post-Civil War period?
state 3 benefits of participating in sports
Explanation:
participation in sport and being active can promote good mental health. This includes improving your mood, enhancing your sense of well-being, reducing anxiety, combating negative emotions and protecting against depression.
How can the government alter your consumption habits with taxation?
Answer:
They can add more taxes to junk food and make it harder to get bad food, making you eat healthier
Explanation:
Which of the following describes why suburbs were attractive for veterans after World War II? (1 point) O Suburbs offered better paying jobs. O Suburbs had new inventions for convenience. O Suburbs were affordable and had space. Suburbs promoted consumerism.
One reason why veterans were quite attracted to the suburbs after WWII was that Suburbs were affordable and had space.
Why were suburbs attractive to veterans?Suburbs like the Levittown gained popularity and were really attractive to a lot of Americans thanks to their affordable nature.
They also offered quite a bit of space for families to be raised. Both these factors attracted veterans of WWII who were looking to settle down.
In conclusion, option C is correct.
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Answer:
The Correct Answer Is Suburbs Were Affordable And Had Space.
Explanation:
Select all the correct answers.
What are some negative consequences of income inequality? Select all that apply from the following list:
The rich get taxed more.
There is an increase in conflict.
There is a decrease in trust among people.
There is not enough money for everyone.
There is an increase in the prices of products.
Some negative consequences of income inequality is Option(B) There is an increase in conflict , Option(D) There is not enough money for everyone and Option(E) There is an increase in the prices of products.
What is income inequality ?Income inequality is defined as the anomaly in the distribution of pay to the several higher and lower class of workers by any organization. There are wide varieties of economic inequality, most notably income inequality measured using the distribution of income and wealth inequality measured using the distribution of wealth.
What are some negative consequences of income inequality?The negative consequences of Income inequality are -
There is an increase in conflict and riots in several parts of the country as the lower-middle class of people demand to have a greater income as compared to the upper economic class. There is also not sufficient amount of money for the several class of people in the economic cycle. The most important cause is the rise in the prices of various products. Due to income inequality, the common person are suffering as they have to buy a product with increased price.Thus, some negative consequences of income inequality is Option(B) There is an increase in conflict , Option(D) There is not enough money for everyone and Option(E) There is an increase in the prices of products.
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6. What is the "elastic clause"? Why is it called that?
Answer:
The Necessary and Proper Clause is known as the Elastic Clause because it one of the most powerful clauses of the US Constitution, it is located on Clause 18 of Article 1.Article 1 clauses 1 to 17 enlist all the power of the Congress, but Clause 18 of the same article is an “open” or “elastic” clause. It gives Congress the ability to create structures that organize the government and makes possible for the Government to write new legislation to support those explicit powers that are listed in Clauses 1 to 17.
Explanation:
Credit: barbaralazarotto
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