The 2007–2008 global financial crisis originated primarily in which country?
a) China
b) United Kingdom
c) United States
d) Germany
Which major institution was established to address the consequences of the 2008 financial crisis?
a) World Bank
b) International Monetary Fund (IMF)
c) European Central Bank (ECB)
d) Bank for International Settlements (BIS)
Which event was a key trigger for the 2008 global financial crisis?
a) The collapse of Lehman Brothers
b) The bankruptcy of General Motors
c) The 9/11 attacks
d) The European debt crisis
What was a major consequence of the global financial crisis on political systems?
a) Strengthening of democratic governments
b) Rise of populist and anti-establishment movements
c) Increased global economic equality
d) Strengthening of multilateralism
Which region was most severely impacted by the 2008 financial crisis?
a) Sub-Saharan Africa
b) Latin America
c) Europe
d) Southeast Asia
What role did credit rating agencies play in the 2008 financial crisis?
a) They warned against risky investments
b) They contributed to the misvaluation of financial products
c) They guaranteed safe investments
d) They regulated the banking sector
Which country was one of the first to recover from the 2008 global financial crisis?
a) Japan
b) United States
c) Italy
d) Greece
Which political consequence followed the global financial crisis in the Eurozone?
a) The breakup of the European Union
b) The rise of nationalist and anti-EU political parties
c) A unified European fiscal policy
d) A decrease in immigration across Europe
Which of the following was a direct result of the global financial crisis for developing nations?
a) Increase in foreign investment
b) Surge in trade with the United States
c) Worsening of poverty and unemployment
d) Strengthening of international trade agreements
What political shift did the 2008 financial crisis catalyze in the United States?
a) Strengthening of the political center
b) Decline in populism
c) Growth of partisan political divisions and gridlock
d) Increased trust in government institutions
Which of the following actions was part of the policy response to the 2008 financial crisis?
a) Large-scale government bailouts for failing banks
b) Increased taxes on multinational corporations
c) Total deregulation of financial markets
d) Decrease in government spending on welfare
Which of the following countries experienced severe political instability following the 2008 global financial crisis?
a) Switzerland
b) Greece
c) Japan
d) Canada
Which of the following was a key global economic policy outcome of the financial crisis?
a) Implementation of austerity measures in many countries
b) Abandonment of central banking policies
c) Increase in global free trade agreements
d) Universal debt cancellation
Which international agreement was negotiated in the wake of the financial crisis to prevent future global financial instability?
a) The Paris Agreement
b) The Basel III regulations
c) The Doha Development Round
d) The Trans-Pacific Partnership (TPP)
What impact did the 2008 financial crisis have on global inequality?
a) It reduced global inequality
b) It had no impact on global inequality
c) It increased global inequality
d) It decreased wealth concentration in rich countries
Which of the following was a political outcome in the United States after the 2008 financial crisis?
a) The election of a Republican president
b) The rise of the Tea Party movement
c) A reduction in political polarization
d) Increased trust in government institutions
Which economic policy was central to the U.S. response to the 2008 financial crisis?
a) Tax cuts for the wealthy
b) Quantitative easing by the Federal Reserve
c) Reductions in government spending
d) Implementation of universal basic income
What political challenge did Europe face after the 2008 financial crisis?
a) Strengthened European Union governance
b) Protests against austerity measures
c) Complete dissolution of the European Union
d) Increase in global investment in European countries
Which country’s government faced significant protests and political unrest due to austerity measures after the 2008 crisis?
a) United States
b) Spain
c) Canada
d) Japan
How did the 2008 financial crisis affect global migration patterns?
a) It led to a large wave of migrants from Europe to Africa
b) It caused a decline in global migration overall
c) It led to an increase in migration from developing countries to developed countries
d) It encouraged voluntary return migrations from Europe to the Middle East
Which political ideology gained traction in Europe after the financial crisis?
a) Liberalism
b) Socialism
c) Populism and nationalism
d) Anarchism
Which country’s financial crisis in the 1990s was seen as a precursor to the 2008 global financial crisis?
a) Japan
b) Russia
c) Thailand
d) Argentina
The global financial crisis of 2008 led to the creation of which multilateral economic initiative?
a) World Trade Organization (WTO)
b) G20 summits to discuss global economic issues
c) United Nations Development Programme (UNDP)
d) Organization of Petroleum Exporting Countries (OPEC)
What was a major political consequence of the 2008 financial crisis in the United States?
a) Election of a reformist president in 2008
b) Expansion of welfare state programs
c) Implementation of austerity policies
d) Increased distrust in the political establishment
What was the impact of the global financial crisis on global trade?
a) Global trade surged
b) Global trade stagnated or declined
c) Global trade shifted to regional partnerships
d) Global trade policies were largely unaffected
What was a significant political impact of the financial crisis in Latin America?
a) Strengthened economic policies in favor of free markets
b) Growth of regional integration projects such as Mercosur
c) Increased interventionist economic policies
d) Economic recovery without major political repercussions
Which economic indicator was most negatively impacted during the 2008 financial crisis?
a) Unemployment rates
b) Stock market performance
c) Interest rates
d) Inflation rates
The global financial crisis had a particularly profound effect on which group of countries?
a) Developed countries in the European Union
b) Least-developed countries in Africa
c) Emerging market economies in Asia
d) Developed countries with large banking sectors
Which key concept in political economy was questioned due to the global financial crisis?
a) The role of multinational corporations in setting government policies
b) The sustainability of capitalist market systems
c) The future of global trade agreements
d) The role of environmental sustainability in economic growth
