World War I Put an End, for Many People to the Belief

question 42

Multiple Choice

World War I put an end, for many people to the belief that

• A) countries could learn to get along without wars.
• B) science and progress would make for a war-free world.
• C) parliamentary government by definition meant progress.
• D) war always had clear victors.
• E) All of these beliefs were shattered.

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Definitions:

Tax

A required monetary payment or different kind of tax levied on a taxpayer by government entities to finance government operations and public services.

Supply Function

A mathematical representation showing the relationship between the quantity of a good supplied by producers and various factors influencing that quantity, such as the good's price.

Demand Function

A mathematical representation showing the quantity of a good that consumers are willing and able to purchase at various prices.

Subsidy

A financial contribution granted by the government to reduce the production costs and encourage the supply of certain goods or services.