One Factor That Contributed to the Feasibility of an All-Volunteer

question 56

Multiple Choice

 One factor that contributed to the feasibility of an all-volunteer force was 

• A) the absence of a credible threat to U.S. soil. 
• B) rising civilian unemployment and better military pay. 
• C) the generally low level of skills and education of volunteers. 
• D) the absence of qualified women volunteers willing to face combat. 
• E) increased levels of education.

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Definitions:

Inferior Goods

Goods for which demand decreases as the income of the consumer increases, opposite to normal goods.

Income Increases

A rise in the amount of money received, especially on a regular basis, for work or through investments, which can impact consumption, savings, and overall economic well-being.

Quantity Demanded

The specific amount of a product that consumers are willing to buy at a given price, holding all other factors constant.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded.