THE ROARING 20S 1920 1929
AMERICAN ORGANIZED CRIME OF THE 1920S
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When businesses make too much of good or service, creates a surplus
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When Americans purchase stock with credit, in hopes that the stock would become more valuable at a future time.
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When individuals choose not to purchase goods and services provided by businesses, creates a surplus
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When inflation and unemployment rise at the same time
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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.