Answers11011de2 CONNECTED Fall 2026 NM-US History and Geography S2America and the Global Economy

America and the Global Economy Answers

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1
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What triggered the financial crisis of 2008 in the United States?

A
Global stock markets collapsed.
B
Global industrial production slowed.
C
American banks stopped making loans.
D
American housing prices dropped.
2
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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
3

A multinational corporation is a company that

A
exports products to more than one country.
B
imports resources from more than one country.
C
operates branches in more than one country.
D
has stockholders from more than one country.
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

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.
6

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.
7

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

A
regulations.
B
communications.
C
tariffs.
D
transportation.
8

International economic organizations try to help the global economy by

A
making it easier to communicate quickly.
B
managing competition between nations.
C
keeping peace between nations.
D
regulating consumer prices.
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

What would most Americans see as a disadvantage of globalization?

A
Consumer goods cost less to buy.
B
Jobs move to cheaper labor markets.
C
Businesses import cheaper materials.
D
Overseas markets remove most tariffs.
11

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.
12

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.
13

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
14

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.
15

Poverty reduction is the main goal of the

A
Group of 20.
B
International Monetary Fund.
C
World Bank.
D
World Trade Organization.
16

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
17

What would most Americans see as a disadvantage of globalization?

A
Consumer goods cost less to buy.
B
Jobs move to cheaper labor markets.
C
Businesses import cheaper materials.
D
Overseas markets remove most tariffs.
18

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.
19

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

A
Global stock markets collapsed.
B
Global industrial production slowed.
C
American banks stopped making loans.
D
American housing prices dropped.
20

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.

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