Which of the following occurred during World War I (1914–18)? (a) P
Which of the following occurred during World War I (1914–18)?
(a) Private markets largely influenced resource allocation.
(b) Non-market controls imposed by the government.
(c) New income taxes financed 100 percent of the war.
(d) Corporate America voluntarily financed 100 percent of the war
efforts to protect their interests.
ANSWER
(b)
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