How Did Both Political And Economic Factors Lead To The Great Depression? The Great Depression was a global economic crisis that may have been triggered by political decisions including war reparations post-World War I, protectionism such as the imposition of congressional tariffs on European goods or by speculation that caused the Stock Market Collapse What
What Are The Alternatives Given Up When We Choose One Decision Over Another? The most desirable alternative somebody gives up as a result of a decision is the opportunity cost. Checkpoint: Why does every choice involve an opportunity cost? – We always face an opportunity cost. When we select one alternative, we must sacrifice another.
What Is The Most Desirable Alternative Given Up As The Result Of A Decision? The most desirable alternative somebody gives up as a result of a decision is the opportunity cost. What is the most desirable alternative someone gives up as a result of a decision? The most desirable alternative given up as a result
What Effect Does The Lack Of Competition In Command Economies Have? What effect does the lack of competition in command economies have? Critics argue that the inherent lack of competition in command economies hinders innovation and keeps prices from resting at an optimal level for consumers. Why is there no competition in a command economy?
What Economic Goals Are Achieved By The Command Economy? What economic goals are achieved by the command economy? Its goal is to supply enough food, housing, and other basics to meet the needs of everyone in the country. It also sets national priorities. These include mobilizing for war or generating robust economic growth. The government