Author Question: In economics, a decline in output of less than __________ is referred to as a recession; a deeper ... (Read 39 times)

bobbie · **on:** Sep 4, 2018

In economics, a decline in output of less than __________ is referred to as a recession; a deeper contraction is called a depression.

a. 5 percent
b. 10 percent
c. 20 percent
d. 25 percent

Question 2

An important conclusion in this chapter focuses on the changes in power and control by the state. This conclusion can be summed up as

a. the state's loss of control over globalization.
b. the regaining of control by the state over globalization.
c. the ability of the state to assert itself through market barriers.
d. an uneasy truce between the forces of globalization and the state.