Which of the Following Is True of the Passage and Application

question 27

Multiple Choice

Which of the following is true of the passage and application of the Eighteenth Amendment,which prohibited the sale of alcohol?

• A) Many of the middle-class progressives who had originally supported prohibition began to oppose the experiment.
• B) All these answers are correct.
• C) Organized crime gained exclusive access to an enormous, lucrative industry.
• D) It reduced drinking in some areas of the country.
• E) It remained in effect for thirteen years.

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Definitions:

Bailouts

Bailouts refer to financial support provided to a company or country facing financial distress, often to prevent bankruptcy and stabilize the economy, usually by governmental or international organizations.

Floating Exchange Rate

A floating exchange rate is determined by the foreign exchange market through supply and demand, without direct intervention from a country's government.

Free Market Forces

The unregulated forces of supply and demand that govern the allocation of resources and prices in markets.

Convertible Currency

A currency that can be exchanged for other currencies on foreign exchange markets.