ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
During WWII, resources were shifted from the citizens to the war effort. This is called resource ____
A
opportunity cost
B
rationing
C
reallocation
D
alternative
Explanation: 

Detailed explanation-1: -Even though thousands of items became scarce during the war, only those most critical to the war effort were rationed. Key goods such as sugar, tires, gasoline, meat, coffee, butter, canned goods and shoes came under rationing regulations.

Detailed explanation-2: -Many Americans volunteered to defend the nation from enemy bombing or invasion. They trained in first aid, aircraft spotting, bomb removal, and fire fighting. Air raid wardens led practice drills, including blackouts. By mid-1942 over 10 million Americans were civil defense volunteers.

Detailed explanation-3: -Supplies such as gasoline, butter, sugar and canned milk were rationed because they needed to be diverted to the war effort. War also disrupted trade, limiting the availability of some goods.

Detailed explanation-4: -Over a million were evacuated from towns and cities and had to adjust to separation from family and friends. Many of those who stayed, endured bombing raids and were injured or made homeless. All had to deal with the threat of gas attack, air raid precautions (ARP), rationing, changes at school and in their daily life.

There is 1 question to complete.