How did the American economic crisis affect the European economy?
A) It was unaffected.
B) It was stimulated because European firms were able to take advantage of markets otherwise dominated by American businesses.
C) It collapsed as world trade declined.
D) It was hurt because it depended so heavily on American agricultural products.
E) It lost market share as American companies used illegal tactics to increase their trade.
Question 2
What does the monetarist theory argue was the cause of the stock-market crash?
A) The Federal Reserve System's tight monetary policies
B) Herbert Hoover's insensitivity
C) The capitalist system's inherent greed for money
D) Trade unions' high wage demands
E) The depressed agricultural sector's dragging impact
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economic question
economic question