When the 2008 Financial Crisis Began in the United States

Multiple Choice

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.