The Tendency for Declines in Economic Activity to Be Followed

question 71

Multiple Choice

The tendency for declines in economic activity to be followed by further declines,and for growth in economic activity to be followed by more growth is called

• A)persistence.
• B)comovement.
• C)periodicity.
• D)recurrence.

Understand the basic concepts of geologic time and the geologic timescale.

Calculate and comprehend rates and measurements in geological contexts.

Identify and understand the scientific method steps and their application in geology.

Recognize the variety of problems addressed by geologists.

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Definitions:

Corporations

Legal entities that are separate and distinct from their owners, who are shareholders, and have rights to enter into contracts, own assets, and be liable for debts.

Loans

Financial transactions where one party lends money to another with the expectation that it will be repaid, usually with interest, over a specified period.

Usurious Rate

An interest rate charged on a loan that exceeds the legal limit set by law.

Principal

The main party to a transaction or contract, responsible for its fulfilment.