34.Which of the following factors was primarily responsible for the excess production capacity in the U.S. in the first half of the twentieth century? A. Technological innovation revolutionized production during this time.B. Many firms from other nations shifted their production facilities to the U.S.C. Domestic demand was at a historic low and resulted in excess capacity.D.Swelling labor supply of returning military after World War II.E. Influx of migrant laborers from Europe and Japan.The overseas demand created by the Marshall Plan and other programs was important to the U.S. economy because the vast manufacturing base built to supply World War II and the swelling labor supply of returning military created a production capacity well beyond domestic needs.
AACSB: AnalyticBlooms: UnderstandCateora - Chapter 02 #34Difficulty Level: 2 MediumLearning Objective: 02-01 The basis for the reestablishment of world trade following World War IITopic: The Twentieth to the Twenty-First Century35.Which of the following was the most significant move of the 1980s that contributed toward international cooperation among trading nations?
AACSB: AnalyticBlooms: RememberCateora - Chapter 02 #35Difficulty Level: 1 EasyLearning Objective: 02-01 The basis for the reestablishment of world trade following World War IITopic: The Twentieth to the Twenty-First Century