Question

Which statement best describes the relationship between United States and other countries in the global economy during the financial crisis of 2008?
financial crisis of 2008?

crisis in the United States spread to other countries because of a global housing industry.

crisis in the United States spread to other countries because of a global financial industry.

crisis in other countries spread to the United States because of a global automotive industry.

crisis in other countries spread to the United States because of a global energy market.

Answer 1

The crisis in the United States spread to other countries because of a global financial industry.

The crisis in the United States began with problems in both the housing market and the financial system, but if it spread worldwide was because of the global character of the financial system. The collapse of the world financial system spread to other branches of the economy, which made it harder to recover.

Answer 2

The statement that describes the relationship between the United States and other countries is this: Crisis in the United States spread to other countries because of global financial industries.

What is a Crisis?

A crisis is an event leading to an unstable situation that can prove dangerous and can affect individuals, organizations, and even a country as a whole.

The crisis in the United States in 2008 spread to other countries because of a global financial industry.

Learn more about Crisis here:

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