Which of These Was Not a Major Factor in West

question 34

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:

Discontinued Operation

A component of a business that has been sold, disposed of, or is held for sale, and is reported separately in financial statements.

Consolidated Financial Statements

Financial statements that present the assets, liabilities, equity, income, expenses, and cash flows of a parent company and its subsidiaries as one single economic entity.

Subsidiaries

Companies that are controlled by another company, often referred to as the parent company, through ownership of over 50% of the subsidiary's voting stock.

Goodwill Impairment

A decrease in the value of goodwill on a company's balance sheet, indicating that the expected future cash flows from an acquisition are lower than initially estimated.