Becoming a Leader Answers

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Where do global companies now look for the natural resources they need?

A
all around the world
B
mostly in the wealthy nations
C
only in the poorest nations
3

What is the purpose of the IMF?

A
to provide loans to struggling nations in exchange for economic reforms
B
to regulate trade between countries
C
to oversee the development of multinational corporations
4

What are the purposes of the World Bank?Check all of the boxes that apply.

A
loans for economic recovery
B
programs to help reduce poverty
C
negotiation of trade agreements between nations
5

The problems facing the US auto industry illustrate which of the following ideas?Check all of the boxes that apply.

A
Governments sometimes intervene to help protect a struggling industry.
B
Auto industries are largely protected from problems in global markets.
C
Global events can harm an industry in a particular country.
D
The housing industry usually grows when the auto industry falls.
6

Which of the following is a benefit for Americans as globalization increases?

A
lower prices for manufactured goods
B
higher wages for workers everywhere
C
more jobs created in the United States
7

What were the effects of the drop in housing prices in the late 2000s?Check all of the boxes that apply.

A
Many people could not pay their mortgages.
B
Banks made larger profits from selling millions of houses.
C
Loan losses hurt banks all over the world.
D
The entire economy was harmed.
8

Where do global companies now look for the natural resources they need?

A
all around the world
B
mostly in the wealthy nations
C
only in the poorest nations
9

Which of the following is a benefit for Americans as globalization increases?

A
lower prices for manufactured goods
B
higher wages for workers everywhere
C
more jobs created in the United States
10

What is the purpose of the IMF?

A
to provide loans to struggling nations in exchange for economic reforms
B
to regulate trade between countries
C
to oversee the development of multinational corporations
11

What are the purposes of the World Bank?Check all of the boxes that apply.

A
loans for economic recovery
B
programs to help reduce poverty
C
negotiation of trade agreements between nations
12

What were the effects of the drop in housing prices in the late 2000s?Check all of the boxes that apply.

A
Many people could not pay their mortgages.
B
Banks made larger profits from selling millions of houses.
C
Loan losses hurt banks all over the world.
D
The entire economy was harmed.
13

The problems facing the US auto industry illustrate which of the following ideas?Check all of the boxes that apply.

A
Governments sometimes intervene to help protect a struggling industry.
B
Auto industries are largely protected from problems in global markets.
C
Global events can harm an industry in a particular country.
D
The housing industry usually grows when the auto industry falls.
14

Which of the following best describes the G20?

A
the twenty countries with the largest economies in the world
B
the twenty countries with the largest populations in the world
C
the twenty countries with the largest land area in the world
16

Which of the following best describes the G20?

A
the twenty countries with the largest economies in the world
B
the twenty countries with the largest populations in the world
C
the twenty countries with the largest land area in the world

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