Please select the word from the list that best fits the definition More goods than are needed

History

1 answer:

egoroff_w [7]3 years ago

7 0

Answer:

The answer is oversupply, or excess supply, or excess production.

Explanation:

When more goods than are needed are produced or supplied, we have a situation in which supply does not meet demand, because supply is in fact higher than demand.

This creates a problem for suppliers (producers) because they have to charge lower prices in order to get rid of excess production.

A government policy that often causes excess supply is binding price floors. A binding price floor is a minimum price set by the government. This policy does not allow prices to adjust further below the legal limit, causing excess supply. The most common example of a binding price floor is the minimum wage. Minimum wages cause unemployment because they create an excess supply of workers, for a smaller demand of labor.

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Truman and Eisenhower foreign policies aims at achieving Brinkmanship, Domino Theory and Containment.

<h3>What are Truman and Eisenhower foreign policies?</h3>

Truman embraced containment policy, i.e. to prevent communism. A doctrine to help the countries under the danger of communism. While Eisenhower had a conservative approach of warfare and concerned with reducing taxes.

The three element of Truman and Eisenhower US foreign policies are:

Brinkmanship means a superior show of force should be used to bluff the enemy into backing down.

Domino Theory means if one nation succumbs to communism, it will set off a chain reaction in the region

Containment means the United States’ main goal is to prevent communism from spreading any further.

Therefore, the three element of Truman and Eisenhower US foreign policies are Brinkmanship, Domino Theory and Containment

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