Which of the following was NOT one of the factors that contributed to the liquidity crisis in the U.S. banking system between 2007 and 2010?
a. predatory lending practices
b. government support of failing banks
c. subprime lending to borrowers with weak credit
d. incorrect pricing of risk on complex assets
e. rise of the shadow banking system
ANS: B
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A graph denoting public opinion that reveals a bell curve with the fewest numbers of people being of extreme opinion on either end of the graph and the greatest number in the middle is representative of
(A) Bimodal opinion (B) Consensus opinion (C) Divided opinion (D) Random sampling (E) Normal distribution
A study followed charter school students to observe their progress over time. The researchers tried to figure out what would have happened if the students had not attended the charter school. This imaginary condition is called the
a. Counterfactual b. Confounder c. Common cause d. Causal mechanism
__________ refers to a bureaucrat who witnesses and publicly exposes wrongdoings by either contacting his or her political superiors or tipping off the press
a. Cabinet secretary b. Whistle-blower c. Recess appointee d. Civil servant e. Agency head
Which of the following statements is true about the Executive Office of the President?
a. The members of the White House Office are subject to Senate approval. b. The National Economic Council was established in 1937. c. The Office of the Management and Budget is the smallest organization in the Executive Office of the President. b. The National Security Council coordinates American military and foreign policies for the president. c. The Council of Economic Advisers is independent of the executive office.