America and the Global Economy

Question 1

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

Revolt · Accepted Answer

GM and Chrysler

Question 2

What would most Americans see as a disadvantage of globalization?

Revolt · Accepted Answer

Jobs move to cheaper labor markets.

Question 3

A multinational corporation is a company that

Revolt · Accepted Answer

operates branches in more than one country.

Question 4

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

Revolt · Accepted Answer

Group of 20

Question 5

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

Revolt · Accepted Answer

US financial and housing markets.

Question 6

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

Revolt · Accepted Answer

US and global stock markets collapsed.

Question 7

Which statement best summarizes the financial crisis of 2008?

Revolt · Accepted Answer

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

Question 8

International economic organizations try to help the global economy by

Revolt · Accepted Answer

managing competition between nations.

Question 9

To receive a loan from the IMF, a country must

Revolt · Accepted Answer

agree to make economic reforms.

Question 10

Improvements to transportation have

Revolt · Accepted Answer

lowered the costs of shipping goods between countries.

America and the Global Economy Answers