METHODS OF RESEARCH
CLASSIFICATION RESEARCH
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
A situation in which people’s living standards are reduced because of economic difficulties.
|
|
|
A phenomena in which people’s living standards increased because of economic difficulties.
|
|
|
A scenario in which people’s living economic status are reduced because of economic opportunities.
|
|
|
none of the choices
|
Detailed explanation-1: -Austerity measures refer to government policies that aim to reduce public sector debt. Uncontrolled increases in a country’s public debt tend to increase financial instability within the country and can, if left unchecked, cause a national or even regional recession.
Detailed explanation-2: -Austerity is defined as the condition of a government or nation adopting serious policies to bring down the impacts of an economic crisis. Austerity measures are implemented to avoid debt crisis.
Detailed explanation-3: -There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower government spending. Austerity measures are often used by governments that find it difficult to borrow or meet their existing obligations to pay back loans.