The Following Questions Refer to the Graph Below

question 26

Multiple Choice

The following questions refer to the graph below.
Index of Common Stock Prices (1926=100)

-The trend shown between 1933 and 1937 would contribute to

• A) calls for more extensive government intervention in the national economy.
• B) conservative claims that the New Deal had exceeded the powers given to the government in the Constitution.
• C) a fragmentation of the established Democratic Party coalition.
• D) America's decision to enter World War II.

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Definitions:

Specialization

The process by which individuals, businesses, or economies focus on producing a limited range of goods or services to gain efficiencies.

Total Output

The total amount of goods or services produced by an economy or firm within a specific period.

Specialization

The practice of focusing production on a limited range of goods or services to gain efficiency.

Trade

The exchange of goods and services between parties, which can occur within an economy (domestic trade) or between economies (international trade).