The United States experienced a recession that lasted for more than a year in the late 2000s. How did this recession most likely affect U.S. trade partners Canada and Mexico?
(1 point)
Responses
Their economies were not affected by this problem.
Their economies were not affected by this problem.
They had some economic decline because of lower U.S. spending.
They had some economic decline because of lower U.S. spending.
Their economies grew because consumers could buy U.S. products more cheaply.
Their economies grew because consumers could buy U.S. products more cheaply.
They had major economic problems because they could no longer consume the goods that they needed.
They had major economic problems because they could no longer consume the goods that they needed.
They had some economic decline because of lower U.S. spending.
The correct response is: They had some economic decline because of lower U.S. spending.
The recession in the late 2000s in the United States had significant implications for its trade partners, Canada and Mexico. To determine the most likely effect on these countries, we need to analyze the situation.
During a recession, it is common for a country to experience decreased levels of economic activity, including reduced consumer spending. Given that the question mentions "lower U.S. spending," it implies that the recession led to a decline in consumer spending in the United States.
Canada and Mexico are both major trading partners with the United States, so it is reasonable to assume they would be affected by the decrease in U.S. spending. Hence, it is unlikely that their economies were not affected or experienced major economic problems, as stated in options 1 and 4.
While option 6 suggests that their economies grew, this is not likely because of the recession. Generally, during a recession, consumer demand decreases, resulting in reduced imports from other countries.
Therefore, option 3, "They had some economic decline because of lower U.S. spending," is the most plausible answer. The decreased U.S. spending would have likely led to a decrease in demand for goods and services from Canada and Mexico, resulting in an economic downturn in these countries.