financing the war with borrowed money was an example of
a. the cost-plus system
b. deficit spending
c. the Gross National Product
d. wartime conversion
the only two i could find in my book are B and C, and i don't think they are the answers...so its between A and D, .. i can't fnd them in my book
You'll find the right answer in one of these websites.
http://wiki.answers.com/Q/What_is_cost_plus_system
http://www.federalbudget.com/
https://segue1.middlebury.edu/index.php?&site=Geog0214a-6-G1§ion=15505&action=site
sounds like B is correct..?
Right! B is correct.
To answer this question, we can break down the options and eliminate them systematically.
a. The cost-plus system: The cost-plus system refers to a government procurement method where a contractor is reimbursed for their expenses and receives a predetermined profit percentage. However, it is not directly related to financing the war with borrowed money. So, we can eliminate this option.
b. Deficit spending: Deficit spending is the practice of a government spending more money than it receives in revenue, often resulting in an increase in public debt. Since financing the war with borrowed money implies deficit spending, this option could be a potential answer.
c. The Gross National Product (GNP): The GNP is a measure of the total value of goods and services produced by the residents of a country, regardless of their location. While it is an important economic indicator, it does not directly represent financing the war with borrowed money. Therefore, we can eliminate this option.
d. Wartime conversion: Wartime conversion refers to the process of diverting industrial production from civilian goods to military needs during times of war. Though it is indirectly related to financing the war, it does not explicitly address the use of borrowed money. Thus, we can also eliminate this option.
Based on the analysis above, and considering that the only remaining plausible option is deficit spending (b), it is likely the correct answer.