America and the Global Economy

Question 1

Poverty reduction is the main goal of the

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World Bank.

Question 2

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

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American housing prices dropped.

Question 3

A company with technical support staff in another country mostly benefits from changes to

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communications.

Question 4

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 5

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

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received government loans.

Question 6

What would most Americans see as a disadvantage of globalization?

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Jobs move to cheaper labor markets.

Question 7

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

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Group of 20

Question 8

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

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US financial and housing markets.

Question 9

Which statement best describes the relationship between United States and other countries in the global economy during the financial crisis of 2008?

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A crisis in the United States spread to other countries because of a global financial industry.

Question 10

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

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US and global stock markets collapsed.

America and the Global Economy Answers