Topic 17

In what industry did investors drive stock prices up causing an unstable economic situation?

• oil

• dot-com

• smart phones

• processor chips

When the government provided jobs to improve public roads, this was an example of...

• The American Recovery and Reinvestment Act

• The Affordable Care Act

• The Patriot Act

• The Social Security Act

Why did the USA join the World Trade Organization?

• To put an end to its involvement in the global economy

• To participate in the global economy

• To control the world's oil supply

• To be better prepared to defeat terror threats

What happened when home owners with subprime mortgages could no longer make their payments?

• Banks became bankrupt

• Banks foreclosed on the property

• Payments were reduced

• Home owners received welfare

Match the following

• Mortgage

• a risky loan made to people who can't afford to pay the loan back

• Jihadism

• Islamic fundamentalist movement that supported violence against enemies of Islam

• subprime mortgages

• the use of violence and cruelty to achieve political goals

• terrorism

• an unstable condition of prices driven above the real value

• stock market bubble

• a loan to buy a house

Why did the United States go to war in Iraq in 2003?

• Believed that Iraq would reinvade Kuwait

• Believed that Iraq wanted to attack Israel

• US wanted to shut down Al-Qaeda in Iraq

• Concern that Iraq had weapons of mass destruction

Why did the UN Security Council cut North Korea from the rest of the world financially with sanctions?

• because of their nuclear weapons program

• because they were an ally of South Korea

• because they threatened China

• because they wanted to reduce their weapons

Match the following

• UN Security Council

• refused to raise the debt ceiling

• European Union

• US encouraged East European nations to join this organization in order to extend democracy

• NATO

• sanctioned Iranian oil thus limiting Iran's ability to export oil to other countries

• Al Qaeda

• terror organization that planned and carried out the 9/11 attacks

• Republicans in Congress

• sanctioned N. Korea because of their nuclear program