One of the 20th Century's Worst Episodes of Inflation Occurred

question 52

Multiple Choice

One of the 20th century's worst episodes of inflation occurred in

• A)the United States in the 1960s.
• B)Italy in the 1950s.
• C)Russia in the 1930s.
• D)Germany in the 1920s.

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Definitions:

Opportunity Cost

The price paid by not choosing the second-best option available during decision-making.

College

An institution of higher education offering undergraduate programs, sometimes along with graduate programs.

Tuition

The fee charged for instruction, typically at an educational institution like a university or college.

Opportunity Cost

The worth of the best option given up because of a choice made.