Moving from the Late 1960s to 1970-1973

question 16

Multiple Choice

Moving from the late 1960s to 1970-1973,

• A)inflation remained high while the unemployment rate was lower than in the late 1960s.
• B)inflation remained high while the unemployment rate was higher than in the late 1960s.
• C)inflation remained low while the unemployment rate was lower than in the late 1960s.
• D)inflation remained low while the unemployment rate was higher than in the late 1960s.

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Definitions:

Economic Espionage Act

A U.S. law that makes the theft or misappropriation of a trade secret a federal crime when intended to benefit a foreign government, foreign instrumentality, or foreign agent.

Trade Secrets

Confidential business information that provides an enterprise a competitive edge and is often not disclosed to the public.

Misappropriations

involves the wrongful, illegal, or unauthorized use of funds or assets for purposes other than those intended by the owner or rightful possessor.

World Trade Organization

An international organization that deals with the rules of trade between nations, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.