When the Great Depression Led to a Massive Shortage of Jobs

question 13

Multiple Choice

When the Great Depression led to a massive shortage of jobs in the United States, hundreds of thousands of Mexicans

• A) voluntarily returned to Mexico where they faced less discrimination.
• B) were recruited into the bracero program.
• C) joined the United Farm Workers in order to collectivize and bargain with farmers.
• D) were sent back to Mexico, including many American citizens.

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Definitions:

Stock Returns

The gain or loss made on an investment in shares, generally represented as a percentage of the investment’s initial cost.

Business Cycle

The fluctuation of economic activity that an economy experiences over a period of time, marked by phases of expansion and contraction.

Interest Rate Fluctuations

Variations in the interest rate over time, which can affect the value of investments, loans, and savings.

No-Arbitrage Condition

A theoretical situation where there is no possibility of risk-free profits – prices in the financial markets should exclude the possibility of arbitrage opportunities.