America and the Global Economy

Question 1

International economic organizations try to help the global economy by

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managing competition between nations.

Question 2

A multinational corporation is a company that

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operates branches in more than one country.

Question 3

What happened after bank lending slowed in the United States in the mid-2000s?

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US and global stock markets collapsed.

Question 4

What would most Americans see as a disadvantage of globalization?

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Jobs move to cheaper labor markets.

Question 5

The main idea of globalization is that

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the economies of the nations of the world are closely linked.

Question 6

The financial crisis of 2008 was initially caused by problems in the

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US financial and housing markets.

Question 7

Which statement best summarizes the financial crisis of 2008?

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Problems in the US economy caused the global economy to slow down, which made it harder for the United States to recover.

Question 8

Which international economic organization is made up of leaders from the world’s largest economies?

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Group of 20

Question 9

To receive a loan from the IMF, a country must

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agree to make economic reforms.

Question 10

What triggered the financial crisis of 2008 in the United States?

Revolt · Accepted Answer

American housing prices dropped.

America and the Global Economy Answers