America and the Global Economy

Question 1

What would most Americans see as a disadvantage of globalization?

Revolt · Accepted Answer

Jobs move to cheaper labor markets.

Question 2

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

Revolt · Accepted Answer

communications.

Question 3

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

Revolt · Accepted Answer

Group of 20

Question 4

To receive a loan from the IMF, a country must

Revolt · Accepted Answer

agree to make economic reforms.

Question 5

The main idea of globalization is that

Revolt · Accepted Answer

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

Question 6

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

Revolt · Accepted Answer

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

Question 7

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

Revolt · Accepted Answer

US financial and housing markets.

Question 8

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

Revolt · Accepted Answer

GM and Chrysler

Question 9

Poverty reduction is the main goal of the

Revolt · Accepted Answer

World Bank.

Question 10

International economic organizations try to help the global economy by

Revolt · Accepted Answer

managing competition between nations.

America and the Global Economy Answers