Which of the following observations regarding the financial crisis that began in 2008 is true?
A)It began in Europe, but ultimately hit the United States at least as hard.
B)It has demonstrated that there is no relationship among countries and people's well-being across the globe.
C)It has demonstrated the interrelationships among countries and people's well-being across the globe.
D)It began in China and India, but ultimately hit the United States and Europe.

Question

Quizplus · Accepted Answer

The statement that best describes the financial crisis that began in 2008 is that it demonstrated the interrelationships among countries and people's well-being across the globe. This is true because the crisis started in the United States, but quickly spread to other countries, affecting the global financial system. This demonstrated how interconnected the economies of different countries are and how one country's economic problems can have a ripple effect around the world. It also highlighted the importance of international cooperation in addressing financial crises.

Which of the Following Observations Regarding the Financial Crisis That