Why Did the Industrial Recovery Program Under the National Industrial

question 72

Multiple Choice

Why did the industrial recovery program under the National Industrial Recovery Act come to an end in 1935?

• A) Roosevelt decided it was a failure and refused to continue it.
• B) The Supreme Court ruled it to be unconstitutional.
• C) Congress refused to appropriate more money to allow it to continue.
• D) Roosevelt abandoned it because of increasing opposition from businessmen.

Comprehend the environmental impact of human activities on freshwater resources.

Grasp the significance of groundwater and aquifers in freshwater supply.

Learn about the effects of large-scale projects on water displacement and ecosystems.

Understand the principles behind water conservation techniques and infrastructure.

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Definitions:

Pure Rate of Interest

The rate of return on a risk-free investment, theoretically excluding the effects of inflation, default risk, and other factors.

Residual Claimants

Individuals or entities entitled to a share of an organization’s income only after all other claims, such as debts and taxes, have been satisfied.

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to the lender.

MB = MC Rule

A principle in economics that states the optimal level of an activity is reached when the marginal benefit (MB) is equal to the marginal cost (MC).