Several Consequences of the Great Depression of the 1930s Led

question 18

Multiple Choice

Several consequences of the Great Depression of the 1930s led to the Second World War.Among these was:

• A)an increase in military spending by the United States.
• B)a decrease in involvement in the League of Nations by the United States.
• C)the decrease in aggressive tendencies by the fascist governments of Europe.
• D)an intensification of economic nationalism.
• E)the admission of Germany and the Soviet Union to the League of Nations.

Differentiate between association and causation in economic phenomena.

Distinguish between positive and normative economics.

Comprehend the implication of unintended consequences in economic policies.

Evaluate economic definitions and statements for their validity and applicability.

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Definitions:

UPS

Uninterruptible Power Supply, a device that provides emergency power to a load when the input power source fails.

Material Flows

The movement of raw materials, components, and finished products through production processes to delivery to the end user.

Physical Products

Tangible items that are manufactured, sold, and physically handled by the consumer, in contrast to services or digital goods.

Raw Materials

Basic substances in their natural, modified, or semi-processed states used as inputs for production.