20th Century Economics
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Questions and Answers

Which term refers to increased economic activity and more profits?

  • Market
  • Economic boom (correct)
  • Economic bust
  • Free market
  • What does the term 'free market' mean?

  • No buyers and sellers in the market
  • No government in the market (correct)
  • Government controlling buyers and sellers
  • Government controlling the market
  • What was the impact of the First World War on global trade and domestic economies?

  • Expanded international trade
  • Increased domestic production
  • Disrupted the normal flow of global trade and domestic economies (correct)
  • Stimulated global economy
  • What were some problems faced by countries after the First World War?

    <p>Reparations</p> Signup and view all the answers

    What were some benefits experienced by some countries after the First World War?

    <p>New powerful industry</p> Signup and view all the answers

    Which term describes a period of increased economic activity and more profits?

    <p>Economic boom</p> Signup and view all the answers

    What does the term 'free market' mean?

    <p>A market with no government intervention</p> Signup and view all the answers

    What was the impact of the First World War on global trade and domestic economies?

    <p>Global trade and domestic economies were destroyed</p> Signup and view all the answers

    What was the new political and economic landscape that emerged after the Second World War called?

    <p>New world order</p> Signup and view all the answers

    What were some problems faced by countries after the First World War?

    <p>All of the above</p> Signup and view all the answers

    What were some benefits experienced by some countries after the First World War?

    <p>All of the above</p> Signup and view all the answers

    What term describes a period of decreased economic activity and less profits?

    <p>Economic bust</p> Signup and view all the answers

    What did economies have to do after the First World War in order to rebuild?

    <p>All of the above</p> Signup and view all the answers

    What term refers to costs paid by the losing side in a war?

    <p>Reparations</p> Signup and view all the answers

    What term refers to the measure of the production and consumption of goods and services in an economy?

    <p>Economy</p> Signup and view all the answers

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