Records from the 1930s Concerning American Business Practices Abroad Indicate

question 37

Multiple Choice

Records from the 1930s concerning American business practices abroad indicate that

• A) all American firms severed economic ties with Germany after learning about the Nazi persecution of Jews.
• B) major American corporations such as Dow Chemical and General Motors severed their business ties with Germany when the Nazis gained power.
• C) American petroleum exports to Italy increased despite that country's attack on Ethiopia.
• D) arms manufacturers in the United States supported international arms-control efforts.

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Definitions:

Price Elasticity

An index indicating how the amount of a product demanded or supplied changes in response to a price variation.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a particular period of time.

Price

The amount of money expected, required, or given in payment for something, often determined by the conditions of demand and supply.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of consumers to price changes.