Which of the Following Was a Characteristic of the American

question 147

Multiple Choice

Which of the following was a characteristic of the American economy during the 1920s?

• A) The federal government took a less active role in aiding business interests.
• B) Consumerism became a major economic force as consumer protection groups abounded.
• C) Increased competition within major industries led to renewed emphasis on product quality.
• D) The trend toward the consolidation of economic power in the hands of oligopolies continued.

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Definitions:

Transfer Warranties

Guarantees provided by a seller regarding the legality of transferring ownership of goods.

Transferee

is an individual or entity that receives the transfer of property, rights, or interest from another.

Secondarily Liable

Liable for paying the amount designated on an instrument should the primarily liable party default.

Primarily Liable

The state of being the first or main party responsible for fulfilling a liability or obligation.