IDs and Paired-Concept Questions

question 9

Short Answer

IDs and Paired-Concept Questions
These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them.
-Rational panics,bank runs

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Definitions:

Silicon Valley

A region in Northern California known as a hub for technology and innovation, housing many start-ups and global technology companies.

Immigration and Naturalization Service

Former agency of the U.S. government responsible for immigration and naturalization, now part of the Department of Homeland Security.

NICs

Newly Industrialized Countries; nations that are experiencing rapid economic growth and industrialization, often with significant technological advancement.

LDCs

Stands for Least Developed Countries, which are countries that the United Nations has identified as showing the lowest indicators of socioeconomic development.