America and the Global Economy

Question 1

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

Revolt · Accepted Answer

American housing prices dropped.

Question 2

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

Revolt · Accepted Answer

Group of 20

Question 3

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

Revolt · Accepted Answer

received government loans.

Question 4

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

Revolt · Accepted Answer

GM and Chrysler

Question 5

Poverty reduction is the main goal of the

Revolt · Accepted Answer

World Bank.

Question 6

A multinational corporation is a company that

Revolt · Accepted Answer

operates branches in more than one country.

Question 7

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

Revolt · Accepted Answer

US and global stock markets collapsed.

Question 8

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.

America and the Global Economy Answers