Which of the following decisions best shows the U.S. government's willingness to participate in the global economy?
A. relocating domestic jobs to foreign countries.
B. joining the World Trade Organization.
C. decreasing spending in international markets.
D. lowering taxes and interest rates for loans.
B. joining the World Trade Organization.
What is the European Union?
A. a major trading and investment alliance
B. a workers’ union with presence in many countries
C. an anti-nuclear alliance in Europe
D. a foreign policy think-tank
A. a major trading and investment alliance
What relationship existed between subprime mortgages and foreclosures when home prices fell?
A. The value of homes remained generally higher than the mortgage, so foreclosures decreased.
B. Many people with subprime mortgages could not make their payments, so foreclosures increased.
C. Banks offered more subprime mortgages to avoid further foreclosures.
D. The Federal Reserve lowered interest rates to avoid further foreclosures.
B. Many people with subprime mortgages could not make their payments, so foreclosures increased.
Which is an example of a purpose of the American Recovery and Reinvestment Act?
A. reestablishing international trade relations.
B. lowering interest rates on home mortgages.
C. creating jobs with projects to improve roads and airports.
D. reducing corporate tax rates for many businesses.