Which of These Was Not a Major Factor in West

question 31

Multiple Choice

Which of these was not a major factor in West Germany's economic recovery after World War II?

• A) Monetary aid via the Marshall Plan.
• B) A large labor pool and unions willing to be cooperative.
• C) Social reforms such as universal medical insurance and paid vacation leave that gave the working class a reason to help make their countries successful.
• D) A free market economy modeled on that of the United States.
• E) Free trade among all NATO members that would be phased in over time.

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Definitions:

Profit-Maximizing

The act of adjusting production and sales to achieve the highest possible profit under given market conditions.

Demand

The quantity of a product or service that consumers are willing and able to purchase at a given price.

Profit

The financial gain made in a transaction or business operation, calculated as the difference between revenue and costs.

Positive Profits

When a company's total revenue exceeds its total costs, resulting in a financial gain.