Which of the following is most accurate about the US during World War I?
a. Long-standing nationalistic and imperialistic rivalries produced a dangerous political situation.
b. The continent had experienced several major wars in the preceding decades.
c. Industrialization and a greater commitment to international trade had created rapidly rising standards of living.
d. There was rising solidarity among the labor movements of different nations.
b. The continent had experienced several major wars in the preceding decades.
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In the automobile insurance market, adverse selection occurs when
A) drivers with greater risks buy a policy with large deductibles. B) drivers with greater risks buy a policy with no deductibles. C) uninsured drivers drive recklessly. D) insured drivers drive recklessly.
In the aggregate expenditures model, if an economy operates below equilibrium GDP, there will be unplanned inventory accumulation
a. True b. False Indicate whether the statement is true or false