The Global Recession That Started in 2008 Has Had the Following

question 33

Multiple Choice

The global recession that started in 2008 has had the following economic impact on the Mexican economy.

• A) Currency depreciation has driven Mexico to the brink of default and required a 2009 bailout from the International Monetary Fund.
• B) A housing crisis occurred in Mexico that cost millions their savings and helped drive the country into a deep recession.
• C) The price of oil has dropped sharply on the world market, costing PEMEX loss of profits.
• D) Large numbers of Mexicans have returned from the United States putting pressure on domestic labor markets.
• E) Mexico has been one of the few countries able to economically thrive during the recession due to a diversified economy.

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Definitions:

Business Transactions

Activities that involve the exchange of goods, services, or money between businesses or individuals.