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According to the Text, Japan Lost Much of Its Capital

Question 105

Multiple Choice

According to the text, Japan lost much of its capital stock during World War II. It subsequently found that its


A) production possibilities curve had shifted to the left because it was unable to regain, even until today, its prewar output levels, having lost so much of its capital resources (Hiroshima and Nagasaki still haven't recovered from the 1945 atomic bomb attacks)
B) production possibilities curve, having shifted to the left, quickly recovered with the use of the most up-to-date technology
C) economy's productivity suffered irreversibly because the enormous loss of life created a loss of skilled, scientific, and technological knowledge
D) research efforts were hampered because victor countries refused to share scientific knowledge with it in retaliation for the war
E) production possibilities curve remained unchanged for two decades after the war because international trade was reduced

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