America and the Global Economy

Question 1

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

Revolt · Accepted Answer

loans for economic recovery; programs to help reduce poverty

Question 2

Which of the following best describes the G20?

Revolt · Accepted Answer

the twenty countries with the largest economies in the world

Question 3

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

Revolt · Accepted Answer

Many people could not pay their mortgages.; Loan losses hurt banks all over the world.; The entire economy was harmed.

Question 4

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

Revolt · Accepted Answer

Governments sometimes intervene to help protect a struggling industry.; Global events can harm an industry in a particular country.

Question 5

What is the purpose of the IMF?

Revolt · Accepted Answer

to provide loans to struggling nations in exchange for economic reforms

America and the Global Economy Answers