The Downgrade of U

question 93

Multiple Choice

The downgrade of U.S.federal debt created wild swings in the stock market.The uncertainty led to consumer caution and less spending.This is an example of the ____ dimension.

• A) legal
• B) sociocultural
• C) technological
• D) political
• E) economic

---

Definitions:

Walmart

An American multinational retail corporation operating a chain of hypermarkets, discount department stores, and grocery stores.

Countrywide Financial Corporation

A former American financial services company involved in the subprime mortgage crisis, which played a significant role in the global financial crisis of 2007-2008.

Corporate Capitalism

An economic system characterized by the dominance of hierarchical, profit-seeking corporations.

Worker Ownership

A business model where the company is owned wholly or in part by its employees, often designed to give workers a stake in the company's success and a voice in its operation.