The Military-Industrial Complex Refers to

question 50

Multiple Choice

The military-industrial complex refers to

• A)the fact that war often destroys a country's economic infrastructure.
• B)the close link between the government,defense contractors,and the military.
• C)the fact that the postindustrial economy is increasingly dominated by war production.
• D)the fact that the military is the world's largest industrial corporation.

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Definitions:

Medical Technology

The application of scientific research and equipment to improve the diagnosis, treatment, and prevention of diseases and health conditions.

Present Discounted Value

The value of a future amount of money in today's terms, discounted by a specific interest rate to account for the time value of money.

Lost Wages

Earnings that an employee does not receive due to being unable to work, often due to illness, injury, or other disruptions.

Secondary Bond Market

A marketplace where investors buy and sell previously issued bonds among themselves.