ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Citizens during WWII had to find ____ ways to live without resources that were limited.
A
opportunity cost
B
rationing
C
reallocation
D
alternative
Explanation: 

Detailed explanation-1: -Food, gas and clothing were rationed. Communities conducted scrap metal drives and planted “victory gardens.” To help build the armaments necessary to win the war, women and Blacks found employment as electricians, welders and riveters in defense plants.

Detailed explanation-2: -Rationing on the Home Front Many Americans supported the war effort by purchasing war bonds. Women replaced men in sports leagues, orchestras and community institutions. Americans grew 60% of the produce they consumed in “Victory Gardens”. The war effort on the United States Home Front was a total effort.

Detailed explanation-3: -Although Germany and Japan made great quantitative and qualitative strides in arming and supplying their forces, the U.S. had two key strategic and logistical advantages: oil and water.

Detailed explanation-4: -Among civilian deaths, between 9.8 and 10.4 million civilians were murdered for political or racial reasons by the Nazi regime (Auerbach, 1992). Deaths due to the war were very unequally distributed across countries, whether they were military deaths due to combat, civilian deaths, or the holocaust.

There is 1 question to complete.