Current Events Quiz #1 (Jan 25th-Feb. 15th) 1. " A Soft Landing" describes what the government is doing to try and stabilize the economy. What did the government do to try and achieve a soft landing? 2. A new jobs report for the month of January showed a massive increase in the number of jobs the economy created; over 350,000, more than twice what experts were predicting. But looking at what type of jobs were created showed the economy was actually stronger or weaker than first anticipated and why? (2 pts.) 3. As President Biden weighed his choices on how to respond to Iran after 3 US service members were killed by Iranian backed militants in Syria, why was a direct attack on Iran off the table? 4. A new immigration law has made its way through the Senate and is heading to the House for consideration. Explain 1 of the 3 main components of the bill 5. Identify one reason, discussed in class, Mexico recently surpass China as the#1 nation for United States imports? 6. South Korea just announced plans to invest $2.6 billion in the construction of manufacturing facilities in Tennessee, Kentucky and Georgia to build what product? 7. A lot of attention is being focused on the $34 trillion national debt. Give an example of when debt can be considered good. 8. Research indicates how people think about spending has a tremendous impact on whether they are rich or poor. What behavior, discussed in class, separates the rich from the poor? 9. Recent economic reports about inflation indicate the economy is continuing to cool. How is the Federal Reserve Bank expected to respond in the coming months