Which of the Following Was NOT an Economic Advantage Held

question 56

Multiple Choice

Which of the following was NOT an economic advantage held by the United States at the outset of the Cold War?

• A)Large quantities of gold received from Japan and Germany as war reparations allowed the United States to give out loans to other countries at high interest rates.
• B)The United States made loans available to other countries,but with the condition the U.S.would have the right to sell large quantities of goods to the borrowing nation.
• C)The General Agreement on Tariffs and Trade (GATT)benefited American manufacturers by opening markets for a variety of consumer goods as well as industrial equipment.
• D)The war had doubled U.S.productive capacity while wrecking that of Europe and the Soviet Union.

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Definitions:

Economic Stagnation

A prolonged period of little or no growth in the economy, characterized by high unemployment, stagnant wages, and low levels of investment and consumer spending.

Unemployment

The condition of not having a job despite actively seeking work, often used as an economic indicator reflecting the health of an economy.

Foreign Policy

A government's strategy in dealing with other nations, defining how it interacts diplomatically, economically, and militarily with countries around the world.

Nuclear Arms Race

the competitive buildup of nuclear weapons, primarily between the United States and the Soviet Union during the Cold War, leading to the development of vast arsenals on both sides.