THE ROARING 20S 1920 1929
AMERICAN ORGANIZED CRIME OF THE 1920S
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
When businesses make too much of good or service, creates a surplus
|
|
|
When Americans purchase stock with credit, in hopes that the stock would become more valuable at a future time.
|
|
|
When individuals choose not to purchase goods and services provided by businesses, creates a surplus
|
|
|
When inflation and unemployment rise at the same time
|
Detailed explanation-1: -In lean, overproduction refers to producing too much of a product or service and/or producing it before it is needed. Overproduction causes waste up-front by over-utilizing resources before the product is even procured by the customer.
Detailed explanation-2: -Overproduction is the production of goods that exceeds the needs of the consumers who are consuming them.
Detailed explanation-3: -In economics, overproduction, oversupply, excess of supply or glut refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment.
Detailed explanation-4: -Oversupply is an excessive amount of a product that is the result of when demand is lower than supply, resulting in a surplus.