Which of the Following Was a Consequence of the Loss

question 99

Multiple Choice

Which of the following was a consequence of the loss of the US destroyer Reuben James?

• A) After considerable debate, Congress approved a declaration of war against Germany
• B) Congress approved a revision of the Neutrality Acts to permit the transport of munitions to England on armed American merchant ships
• C) The United States broke diplomatic relations with Germany
• D) By joint resolution, Congress ended the use of American naval vessels to convoy British merchant ships carrying munitions

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Definitions:

Ricardian Model

An economic theory that focuses on comparative advantage, explaining how countries can gain from trade by specializing in producing goods at a lower opportunity cost.

Production Possibility Frontiers

These are curves that depict the maximum potential output of a combination of two goods or services that an economy can produce with available resources.

Opportunity Cost

Forgoing the benefit of the next preferable alternative comes at a cost during decision-making.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs and production technology.