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Financialization of Education Sector and Debt Crisis
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Financialization of Education Sector and Debt Crisis

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Questions and Answers

What is the term used to describe the extraction of bank profits through direct transfers of personal revenue?

  • Economic subjugation
  • Financial exploitation
  • Capitalist coercion
  • Financial expropriation (correct)

    • What contributed to the deindustrialization in the North, according to the text?

  • The rise of automation in manufacturing
  • The implementation of protectionist trade policies
  • The relocation of production to the Global South (correct)
  • The shift towards a service-based economy

    • What is the term used to describe the potential crisis of overproduction in the 1970s?

  • Abundance problem (correct)
  • Surplus production dilemma
  • Glut predicament
  • Overcapacity conundrum

    • How was the 'abundance problem' solved, at least in the short-term, according to the text?

    <p>By introducing consumer credit</p> Signup and view all the answers

    What is the term used in the text to describe the integration of financial markets globally?

    <p>Financial market integration</p> Signup and view all the answers

    What is a collateralized debt obligation (CDO)?

    <p>A type of asset-backed security that pools together various types of debt obligations</p> Signup and view all the answers

    What is a subprime mortgage?

    <p>A mortgage loan with a higher interest rate, given to borrowers with lower credit scores</p> Signup and view all the answers

    What is the credit crunch crisis?

    <p>A situation where banks and other lenders reduced the availability of loans and credit</p> Signup and view all the answers

    What is the sovereign debt crisis?

    <p>A situation where a government struggles to pay off its public debt</p> Signup and view all the answers

    What is the term used to describe the stagnation of real wages in the West since the 1970s?

    <p>Income stagnation</p> Signup and view all the answers

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