Which Statement Is Most Accurate

question 179

Multiple Choice

Which statement is most accurate?

• A)Had the stock market not crashed in 1929,there would have been no business downturn in the early 1930s.
• B)Whether or not the stock market crashed,we definitely would have had a depression anyway.
• C)Had it not been for the speedy and powerful reactions of the administration of Herbert Hoover,the depression would have been much worse.
• D)It was not until the massive arms build-up leading up to our involvement in World War II that we finally began to emerge from the Great Depression.

---

Definitions:

Oligopolistic

Pertaining to an oligopoly, a market structure with a few firms dominating the industry, leading to limited competition.

Herfindahl-Hirschman Index

A measure of market concentration to assess the level of competition within an industry.

Herfindahl-Hirschman Index

A measure of market concentration, calculated by summing the squares of the market shares of all firms in the industry.

Industry A

Placeholder for a specific sector of the economy, often used as an example in economic contexts.