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 (C)</p> Signup and view all the answers

What emerged after the Second World War?

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

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

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

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

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

What did some countries introduce to pay off war debt?

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

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

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

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

<p>Reparations (A)</p> Signup and view all the answers

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