A significant reason for the collapse of the American housing market was:

a. predatory lending.
b. sudden hikes in interest rates made homeowners fall behind on payments.
c. the assumption that home prices would continue to rise led to risky loan measures.
d. home prices were so high that average workers could not afford to buy them.
e. foreclosures by foreign investors.


ANSWER:
c

History

You might also like to view...

Louis XVI called the Estates General in order to

a. divide the nobility and break their power over the French monarch. b. give the people a chance to decide about further support of American revolutionary efforts. c. increase the legal recognition and power of the Third Estate in French political life. d. find a collective solution to pressing financial problems and to avoid national bankruptcy.

History

How is the rise of neo-Confucianism related to the increasing popularity of Buddhism? Can you think of other examples from the course where one philosophy developed in opposition to another?

What will be an ideal response?

History

Discuss the impact of geography upon the development of Roman civilization.

What will be an ideal response?

History

Until 1973, ________ was included in the DSM as a mental illness.

A. menstruation B. homosexuality C. self-defeating personality disorder D. hysteria

History