Which of the Following Helped Usher in a New Era

question 70

Multiple Choice

Which of the following helped usher in a new era of European prosperity between 1924 and 1929?

• A) the French occupation of the Ruhr Valley
• B) Germany's decision to print extra money
• C) the system of reparations payments devised in 1919 and foisted on Germany
• D) American investments following the Dawes Plan
• E) escalating prices for agricultural goods, leading to better rural finances and consequent government tax revenues

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Definitions:

Output

The total amount of goods or services produced by a company or country.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in average costs with increased production.

Minimum Efficient Scale

The smallest scale of production a firm can achieve while still taking full advantage of economies of scale in terms of costs per unit.

Output

The quantity of goods or services produced by a firm, sector, or economy within a certain period.