Industrially,the Allies Had Several Advantages Over the Axis Powers,not the Least

question 16

Multiple Choice

Industrially,the Allies had several advantages over the Axis powers,not the least of which was:

• A)a superior work force,which was able to maintain production utilizing eight-hour days throughout the war.
• B)not pursuing perfection,but developing working,standard designs and producing them in overwhelming numbers.
• C)the altruism shown by industrialists who forswore all profits for the duration of the war.
• D)the use of all segments of the population in war work;schools were canceled so that children could work in factories.
• E)more modern equipment and factories,since the Germans and Japanese had not been able to rebuild their industry after World War I.

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Definitions:

Next Best Use

An economic concept referring to the most profitable or valuable alternative use of a resource if it is not used in its current manner.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, usually large corporations.

Present Value

The current value of a future sum of money or stream of cash flow given a specified rate of return.

Future Value

The value of an investment or a sum of money projected at a future date, calculated by applying interest or growth rates to the present value.