COLD WAR ERA
IMPACT OF COLD WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following was NOT a factor of the economic growth in America following World War II?
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Increasing salaries
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Making purchases with credit
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Production of war materials
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Merging of labor unions
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Explanation:
Detailed explanation-1: -Answer and Explanation: The following is not a factor in economic growth: Full employment.
Detailed explanation-2: -Economists define four factors of production: land, labor, capital and entrepreneurship. These can be considered the building blocks of an economy. How these factors are combined determines the success or failure of the outcome.
Detailed explanation-3: -Driven by growing consumer demand, as well as the continuing expansion of the military-industrial complex as the Cold War ramped up, the United States reached new heights of prosperity in the years after World War II.
There is 1 question to complete.