Which of the Following Is Not a True Statement About

question 19

Multiple Choice

Which of the following is not a true statement about the impact of World War II on the U.S.economy?

• A)U.S.GDP increased dramatically from 1941 to 1945.
• B)The war time years were a period of prosperity for U.S.consumers.
• C)More than 40% of the labor force was in the military or producing war goods.
• D)Increased production of tanks,ships,planes,and munitions accounted for most of the increase in GDP.

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Definitions:

Market Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by all consumers in the market.

Monopoly

is a market structure characterized by a single seller, selling a unique product in the market without any direct competition.

Franchise

A business model that allows one to use another's established brand and operating systems in exchange for a fee and ongoing royalties.

Cable Television

A system for delivering television programming to viewers via radio frequency signals transmitted through coaxial cables or light pulses through fiber-optic cables.