According to the theory of Laissez-faire economics, prices should be determined by
A. Government regulations
B. Supply and demand
C. Leaders of business and industry
D. Negotiations between labor and management
Answer: B. Supply and demand
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What did the Dawes Plan state?
A. America should pass an embargo against Germany until it pays its war debts. B. Germany should renegotiate war debt payments with each individual country. C. Allied nations should pay all war debts regardless of whether they received German reparations. D. American banks should loan Germany money to help pay its war debts.
According to Islam, the rules for righteous living included which of the following?
A) a hajj once every five years B) dietary restrictions against meat C) prayer ten times daily D) giving help to the poor through alms E) a week of fasting each six months
How did the command economy of the Communist bloc change in the 1970s?
A) The government banned Western TV and periodicals. B) The "technology gap" became narrower. C) The economics betrayed signs of a breakdown. D) Workers were generally peaceful and well satisfied. E) Significant strides were made toward a free market economy.
The principal reason Stalin wanted control of the countries of Eastern Europe was
A. to antagonize the United States and lure them into war. B. to seize their valuable natural resources, which the Soviet Union lacked. C. to protect the Soviet Union from once again falling into hostile hands. D. his desire for global communist domination.