According to the authors of the textbook, the economic crisis that began in 2008 was caused by ______.

a. consumers being unwilling to borrow and spend
b. banks making too many risky loans without adequate background checks
c. the government borrowing too much money
d. the failure of foreign economies, leading to the collapse of the American economy
e. rising gas prices


b. banks making too many risky loans without adequate background checks

Political Science

You might also like to view...

Federal law requires the same organizational and operational structures for all state party systems

Indicate whether the statement is true or false

Political Science

Which of the following statements is more accurate?

A. The more that people can access health professionals, the better their health outcomes are likely to be. B. Access to primary care has not increased substantially among least developed countries. C. The disparity in health-care access between rich and poor countries is decreasing. D. The global average of physicians available per 1,000 people has increased dramatically over the last 20 years.

Political Science

Members of the European Parliament today are directly elected by citizens of the EU's member states and have the power to overturn acts of the European Commission

Indicate whether the statement is true or false

Political Science

A primary election in which voters can choose on election day in which party's primary they will participate is a(n)

a. open primary. b. closed primary. c. direct primary. d. runoff primary. e. general election.

Political Science