Because of Its Military-Dominated Dictatorship, the Great Depression Had Less

question 69

True/False

Because of its military-dominated dictatorship, the Great Depression had less impact on Japan than in the democratic states of Great Britain and the United States.

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Definitions:

Gains from Trade

The benefits that individuals, companies, or nations achieve by specializing in what they can produce best and trading with others for the remainder of their needs.

Individuals, States, Countries

Entities at different levels of societal organization, ranging from single human beings to sovereign regions and entire nations with their own governance.

Efficient

Refers to a level of performance that uses the least amount of inputs to achieve the highest amount of output.

Goods and Services

Goods and services constitute the output produced by an economy, with goods being tangible items and services being intangible offerings that value to consumers.