Political Science · Political Theory
UGC NET 2023 Political Science
Chronologically arrange the moments of crises of modern capitalism:
- 1. U.S sub-prime mortgage crisis
- 2. Argentine economic crisis
- 3. Dot-com crisis in IT-related stocks
- 4. Mexican economic crisis
A4, 2, 3 & 1 ✓ Correct
B2, 4, 1 & 3
C1, 2, 3 & 4
D4, 2, 1 & 3
Answer: A
Explanation
★In chronological order the crises run Mexican, Argentine, dot-com and then sub-prime, that is 4, 2, 3 and 1.
★The Mexican economic crisis came first, in 1994 to 1995, the so-called Tequila crisis.
★The Argentine economic crisis followed, running from 1999 to 2002.
★The dot-com crisis in IT related stocks struck around 2000 to 2002, as the technology bubble burst.
★The U.S sub-prime mortgage crisis was the most recent, in 2007 to 2008, triggering the global financial crisis.
★So the order Mexican, Argentine, dot-com, sub-prime is correct.
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