A New Millennium — Test Answers

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21
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Which statement best explains financial crises in the global economy?

A
A financial crisis in one country can quickly spread to other countries.
B
A country in a financial crisis must fix the problem on its own to protect other countries.
C
The global nature of the economy usually prevents the rise of financial crises.
D
Financial crises often last only a short time due to the global economy.
22
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Critics of President Bush’s education initiative that required annual testing of students felt that

A
it raised standards to levels that were difficult to meet.
B
some students would benefit more than others.
C
students’ performances in the sciences would decline over time.
D
teachers would focus too much on tests and neglect other subjects.
23

A company that builds a factory in another country to hire workers for less money is trying to save on its

A
energy resources.
B
natural resources.
C
human resources.
D
global resources.
24

Following the 2000 presidential election, the Bush campaign

A
decided a hand recount could not be done in time for the Electoral College vote.
B
appealed the Florida Supreme Court’s decision to allow a hand recount.
C
rejected the decision of the US Supreme Court on the hand recount.
D
asked the Florida Supreme Court to order a hand recount of the ballots.
25

Which statement best describes the state of the economy when President Obama took office?

A
Inflation was out of control, and Americans could not afford basic necessities.
B
Financial institutions were failing, housing prices had fallen, and unemployment was rising.
C
Employment was increasing, and businesses were making record profits.
D
Inflation was rising, interest rates were rising, and housing prices were rising.

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