German Submarines Began Sinking Unarmed and Unresisting American and British

question 74

Multiple Choice

German submarines began sinking unarmed and unresisting American and British merchant and passenger ships without warning

• A) because they were violating international law by operating in a war theater.
• B) in retaliation for the British naval blockade of Germany.
• C) in an effort to keep the United States out of the war.
• D) because international law now allowed this new style of warfare.
• E) in a last-ditch effort to win the war.

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Definitions:

Diseconomies of Scale

A situation where, as a firm's production scales up, the costs per unit increase, contrary to economies of scale.

Long-run Total Costs

The total costs incurred by a firm when all factors of production are variable, and the firm can change its scale of operation.

Opportunity Cost

The expense incurred by not choosing the second-best option available during the decision-making process.

Bank Loan

A sum of money borrowed from a bank that must be repaid with interest over a set period.