Into the Information Age Answers

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

Group of 20

International Monetary Fund

World Bank

World Trade Organization

Which statement best summarizes the financial crisis of 2008?

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

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

Problems in the US economy caused the global economy to slow down, but improvements in other countries helped the United States.

Problems in the global economy caused the US economy to slow down, but improvements in the US helped other countries.

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

Global stock markets collapsed.

Global industrial production slowed.

American banks stopped making loans.

American housing prices dropped.

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

US financial and housing markets.

US automotive and insurance markets.

global financial and housing markets.

global energy and transportation markets.

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