question archive Which of the following statements is true of the U
Which of the following statements is true of the U
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Which of the following statements is true of the U.S. economy during the two decades following World War II?
A. U.S. production of automobiles and steel declined.
B. There was greater global competition in the production of goods as compared to the mid-1970s.
C. The total national income was unequally distributed to different segments.
D. The median annual earnings of full-time workers increased by 25%.
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B. There was greater global competition in the production of goods as compared to the mid-1970s
The aftermath of the second world war, particularly the US and USSR, became vibrant in the global competition. In 1970, due to the oil crisis, a tenure of recession got started, which slowed down the impact of global competition.
