Which of the Following Statements Characterizes American Business During the 1920s

question 58

Multiple Choice

Which of the following statements characterizes American business during the 1920s?

• A) Family-run businesses,rather than oligopolies or monopolies,became the norm.
• B) The two hundred largest corporations controlled almost half of the national nonbanking wealth.
• C) The number of mergers dwindled to almost nothing as businesses stopped consolidating.
• D) American businesses concentrated their marketing efforts exclusively in the United States.

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Definitions:

International Allocation

The distribution of resources, goods, or capital among countries around the globe according to various economic factors and policies.

Comparative Advantage

The ability of an individual, company, or country to produce goods or services at a lower opportunity cost than competitors.

International Specialization

The economic strategy where countries focus on producing goods and services they are most efficient at in order to trade for goods they are less efficient at producing.