One of the Areas Most Prone to Experiencing a Revolution

question 7

Multiple Choice

One of the areas most prone to experiencing a revolution in manners and morals in the 1920s was

• A)tenements.
• B)government housing.
• C)agrarian societies.
• D)college campuses.
• E)small towns.

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Definitions:

Scarcity

The fundamental economic problem of having limited resources to meet unlimited wants and needs.

Trade-Off

A situation that involves losing one quality, quantity, or property of a set or design in return for gaining another.

Inflation

The speed at which the overall price level for goods and services increases, thereby diminishing the buying power.

Productive Capacity

The maximum output that an economy can produce without increasing inflation, given its current level of resources.