QUES: All over Europe rulers and city governments began to create universities to satisfy a European thirst for knowledge, and the belief that society would benefit from the scholarly expertise generated from these institutions. Princes and leaders of city governments perceived the potential benefits of having a scholarly expertise develop with the ability to address difficult problems and achieve desired ends. The emergence of humanism was essential to this understanding of the possible utility of universities as well as the revival of interest in knowledge gained from ancient Greek texts.

What type of governments were involved in creating universities?
What is the answer?
ANS: city governments
QUES: In the 19th century, a house near Ephesus in Turkey was found, based on the visions of Anne Catherine Emmerich, an Augustinian nun in Germany. It has since been visited as the House of the Virgin Mary by Roman Catholic pilgrims who consider it the place where Mary lived until her assumption. The Gospel of John states that Mary went to live with the Disciple whom Jesus loved,[Jn 19:27] identified as John the Evangelist.[citation needed] Irenaeus and Eusebius of Caesarea wrote in their histories that John later went to Ephesus, which may provide the basis for the early belief that Mary also lived in Ephesus with John.

In which country is Ephesus?
What is the answer?
ANS: Turkey
QUES: Countering Krugman, Peter J. Wallison wrote: "It is not true that every bubbleeven a large bubblehas the potential to cause a financial crisis when it deflates." Wallison notes that other developed countries had "large bubbles during the 19972007 period" but "the losses associated with mortgage delinquencies and defaults when these bubbles deflated were far lower than the losses suffered in the United States when the 19972007 [bubble] deflated." According to Wallison, the reason the U.S. residential housing bubble (as opposed to other types of bubbles) led to financial crisis was that it was supported by a huge number of substandard loans generally with low or no downpayments.

Peter J. Wallison's conclusions regarding the financial crisis are not in agreement with this economist's views?
What is the answer?
ANS:
Krugman