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
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The protectionist Smoot-Hawley Act, adopted by the United States in 1930 in response to the Great Depression, contributed to the severity of the depression by __________
A) allowing home industries to fail B) provoking retaliation and reducing world trade C) lowering consumer prices below profitable levels D) easily allowing foreign competitors access to U.S. markets
Which is NOT a primary area to evaluate when judging a research report?
a) the hypothesis b) the answer c) the problem and purpose d) references