Which of the Following Is True of the United States

question 3

Multiple Choice

Which of the following is true of the United States'  involvement in World War I?

• A)The country went so far into debt that most people were saying it would never recover.
• B)Where the economy was concerned, the war had been a good thing.
• C)The stock market reacted negatively when the war ended, since people feared that manufacturing would decline.
• D)Most Americans hated the necessity of the war but continued to believe it had been necessary.
• E)Americans gained a new perspective on their role as the world's policeman.

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Definitions:

Tax on Buyers

A levy imposed on consumers by the government, which typically raises the purchase price of goods and services, affecting demand.

Shortage

A situation in which the demand for a product or service exceeds the supply available at a specific price.

Tax on Good

A financial charge imposed by a government on the sale of a product or service, affecting its price.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded for it at those prices.