20th Century Economies
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Questions and Answers

Which term refers to increased economic activity and more profits?

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

  • No government in the market (correct)
  • Market with buyers and sellers
  • No buyers and sellers
  • Government controlling buyers and sellers
  • What happened to the global economy during the interwar period?

  • Economic depression (correct)
  • Stagnation
  • No change
  • Economic boom
  • What contributed to the end of the economic depression during World War II?

    <p>Wartime stimulation</p> Signup and view all the answers

    What emerged after the Second World War?

    <p>New political and economic landscape</p> Signup and view all the answers

    What were some benefits of the post-war period in some countries?

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

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

    <p>Shortage of goods</p> Signup and view all the answers

    What did some countries introduce to pay off war debt?

    <p>Income taxes</p> Signup and view all the answers

    What factor contributed to the increase in production after the First World War?

    <p>New technologies</p> Signup and view all the answers

    What economic challenge did Germany face after the First World War?

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

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