Discuss the 2008-2009 economic crisis and recession. What happened and why? What steps did Congress take in response? What steps, if any, should the government take to prevent this from happening again, and why?
What will be an ideal response?
Answer:
An ideal response will:
1. Outline the factors that contributed to the 2008-2009 financial collapse, including the housing bubble and the investment crisis.
2. Describe how Congress reacted, noting the various bank bailouts (e.g., TARP), automotive industry assistance, and financial institution overhaul efforts in 2010.
3. Lay out a specific course of action that would minimize these effects in the future, including efforts to reregulate the financial and housing sectors, or alternately argue why government should not guarantee against risk.
4. Provide a clear and concise conclusion.
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While economic development can be a partial solution to many countries' needs, it can also lead to the following:
A. an unequal distribution of resources among the rich and poor. B. an economic benefit to only particular regions of a country. C. economic success for particular social groups. D. all of the above
What happens in a spurious relationship between variables A and B when you control for alternative variables?
a. The relationship between A and B will get stronger. b. The relationship between A and B will become negative. c. The relationship will disappear if it is completely spurious. d. The relationship between A and B will remain the same. e. The relationship between A and B will become causal.
In a factorial design with three manipulated variables,
a. it would not be possible to have interaction effects. b. the researcher would investigate three possible main effects. c. any interactions would have to involve all three independent variables d. the experimenter would be likely to have used qualitative variables.
Advocates of bipartisanship in foreign policy contend that it should be discussed in political campaigns and presented as a contentious political issue
Indicate whether the statement is true or false