America and the Global Economy Answers

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Which two auto companies received help from the US government during the crisis of 2008?

Ford and Toyota

Chrysler and Ford

GM and Chrysler

GM and Ford

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Which statement best summarizes the financial crisis of 2008?

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

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

Problems in the US economy caused the global economy to slow down, but improvements in other countries helped the United States.

Problems in the global economy caused the US economy to slow down, but improvements in the US helped other countries.

Poverty reduction is the main goal of the

Group of 20.

International Monetary Fund.

World Bank.

World Trade Organization.

The main reason the US automotive industry survived the financial crisis of 2008 was that it

laid off many employees.

received government loans.

manufactured larger cars.

broke union contracts.

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