The global financial and economic crisis that began to develop in 2007:
A)arose in industrial countries.
B)arose in developing countries.
C)was worse than the Great Depression of the 1930's.
D)was the result of a prolonged period of declining wolrd production.

Question

Quizplus · Accepted Answer

The global financial and economic crisis that began to develop in 2007 originated in industrial countries, particularly the United States, with the collapse of the housing market and subprime mortgage lending.

The Global Financial and Economic Crisis That Began to Develop