Answers2026-2027_MDCPS_2100315_United States History B-CRSeptember 11, 2001

America and the Global Economy Answers

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1
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Which two auto companies received help from the US government during the crisis of 2008?

A
Ford and Toyota
B
Chrysler and Ford
C
GM and Chrysler
D
GM and Ford
2
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The main reason the US automotive industry survived the financial crisis of 2008 was that it

A
laid off many employees.
B
received government loans.
C
manufactured larger cars.
D
broke union contracts.
3

The main idea of globalization is that

A
the economy of the United States dominates the rest of the world.
B
the economies of other countries dominate the United States.
C
the economies of the nations of the world are independent.
D
the economies of the nations of the world are closely linked.
4

Poverty reduction is the main goal of the

A
Group of 20.
B
International Monetary Fund.
C
World Bank.
D
World Trade Organization.
5

Improvements to transportation have

A
lowered the costs of shipping goods between countries.
B
reduced the number of tariffs on shipped products.
C
raised service fees on shipping goods between countries.
D
resulted in fewer safety regulations governing shipments.
6

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

A
US financial and housing markets.
B
US automotive and insurance markets.
C
global financial and housing markets.
D
global energy and transportation markets.
7

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

A
A crisis in the United States spread to other countries because of a global housing industry.
B
A crisis in the United States spread to other countries because of a global financial industry.
C
A crisis in other countries spread to the United States because of a global automotive industry.
D
A crisis in other countries spread to the United States because of a global energy market.
8

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

A
Group of 20
B
International Monetary Fund
C
World Bank
D
World Trade Organization
9

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

A
American housing prices began to drop.
B
US and global stock markets collapsed.
C
Homeowners could not pay mortgages.
D
The American auto industry collapsed.
10

Which statement best summarizes the financial crisis of 2008?

A
Problems in the US economy caused the global economy to slow down, which made it harder for the United States to recover.
B
Problems in the global economy caused the US economy to slow down, which made it harder for the world to recover.
C
Problems in the US economy caused the global economy to slow down, but improvements in other countries helped the United States.
D
Problems in the global economy caused the US economy to slow down, but improvements in the US helped other countries.

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