America and the Global Economy

Question 1

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 2

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

Revolt · Accepted Answer

GM and Chrysler

Question 3

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 4

What would most Americans see as a disadvantage of globalization?

Revolt · Accepted Answer

Jobs move to cheaper labor markets.

Question 5

To receive a loan from the IMF, a country must

Revolt · Accepted Answer

agree to make economic reforms.

Question 6

International economic organizations try to help the global economy by

Revolt · Accepted Answer

managing competition between nations.

Question 7

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

Revolt · Accepted Answer

communications.

Question 8

A multinational corporation is a company that

Revolt · Accepted Answer

operates branches in more than one country.

Question 9

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

Revolt · Accepted Answer

American housing prices dropped.

Question 10

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

Revolt · Accepted Answer

received government loans.

America and the Global Economy Answers