When the 2008 financial crisis began in the United States, it resulted in the collapse of the housing market and the failure of several large financial institutions. This crisis spread rapidly to the rest of the world. This example demonstrates which trend in the global economic environment?
A) Economic development differs widely among countries of the world.
B) Market demands differ for products and services throughout the world.
C) Political instability is the primary result of economic failure.
D) World markets are economically interconnected.
E) Cultural factors have a greater impact on world markets than do economic factors.

Question

Quizplus · Accepted Answer

The example given in the question shows how the financial crisis in the United States quickly spread to other countries, highlighting the interconnectivity of the world's markets. This trend in the global economic environment is characterized by increased globalization and the growing importance of international trade and investment.

When the 2008 Financial Crisis Began in the United States