ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why did World War II require such a large amount of resources?
A
The war was fought in both the Pacific and Europe
B
The weather was nice in both areas
C
Drought caused farmers to struggle
D
The war lasted over 10 years
Explanation: 

Detailed explanation-1: -In a lot of ways, WWII was about resources, especially food. The expansionist aggression of both Germany and Japan was in a lot of ways about resources. There were other reasons, to be sure, but the idea that the Axis needed more food can’t be ignored.

Detailed explanation-2: -Hitler’s invasion of Poland in September 1939 drove Great Britain and France to declare war on Germany, marking the beginning of World War II.

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: -The Treaty of Versailles following WWI. Economic depression across the world. Rise of Nazism. Failure of the League of Nations.

There is 1 question to complete.