Through the Lend-Lease Bill, Passed in March 1934, "Any Country

question 66

Multiple Choice

Through the lend-lease bill, passed in March 1934, "any country whose defense the President deems vital to the defense of the United States":

• A) could receive American military equipment, supplies, and other necessary materials if they rented them at fair market value
• B) could purchase American military equipment, supplies, and other necessary materials made available through Canada
• C) must declare war on Germany in order to be eligible for American material support
• D) could receive military equipment, supplies, and other necessary materials even if that country lacked the funds to pay for those items
• E) was prohibited from receiving any American military equipment, supplies, and other necessary materials

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Definitions:

Households

Economic units comprising individuals living together, making joint decisions about consumption and production.

Firms

Business entities or organizations engaged in commercial, industrial, or professional activities, either for profit or non-profit.

Market

Any structure that allows buyers and sellers to exchange types of goods, services, and information.

Factor Market

This refers to markets where services of the factors of production (not the actual products) such as labor, capital, and land are bought and sold.