The Domestic Mission

Review Questions

What investment banking firm went bankrupt in 2008, signaling the beginning of a major economic crisis?

  1. CitiBank
  2. Wells Fargo
  3. Lehman Brothers
  4. Price Waterhouse

Hint:

C

A subprime mortgage is ________.

  1. a high-risk, high-interest loan
  2. a federal bailout for major banks
  3. a form of insurance on investments
  4. a form of political capital

Hint:

A

What are the pros and cons of school vouchers?

Hint:

Giving vouchers to public school students enables them to pay to attend better-performing charter or private schools. However, school vouchers take money and good students away from public schools, making it more difficult for those schools to improve.