America and the Global Economy

Question 1

Poverty reduction is the main goal of the

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World Bank.

Question 2

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

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Group of 20

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

The main idea of globalization is that

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

Question 5

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

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American housing prices dropped.

Question 6

Improvements to transportation have

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lowered the costs of shipping goods between countries.

Question 7

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

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communications.

Question 8

A multinational corporation is a company that

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operates branches in more than one country.

Question 9

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

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received government loans.

Question 10

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

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US financial and housing markets.

America and the Global Economy Answers