President Hoover Supported Which of the Following Anti-Depression Measures

question 12

Multiple Choice

President Hoover supported which of the following anti-Depression measures?

• A) Federal government loans to banks, corporations, railroads, and local governments through the auspices of the Reconstruction Finance Corporation (RFC)
• B) The Muscle Shoals Bill designed to dam the Tennessee River and provide low-cost electricity to poor residents of the Tennessee Valley
• C) The public dole system then being used in Britain
• D) A limited number of federally financed public works projects such as the construction of a gigantic dam on the Colorado River for irrigation, flood control, and electric power
• E) Employment of young people in conservation projects

---

Definitions:

Pure Monopoly

A market structure where a single supplier provides a unique product or service with no close substitutes, controlling the entire market.

Oligopoly

A market structure characterized by a small number of firms controlling a large majority of the market share, often leading to limited competition.

Monopolistic Competitive

A market structure characterized by many firms selling products that are substitutes but differentiated from one another, leading to non-price competition.

Short Run

A period in economics during which at least one input, such as plant size, is fixed and cannot be changed by a firm.