War, Peace & Security Economics: Checkpoint 1

Quick checkpoint - five questions on the costs of war, war finance, defence spending, the arms trade and reconstruction.

Question 1 of 5 Which of these is an indirect cost of war?

Buildings destroyed by bombing Children missing years of school, reducing their skills as adults The price of weapons Soldiers' wages

Lost education and health reduce human capital long after the fighting ends.

Question 2 of 5 How did Britain and the United States reduce their large debts after the Second World War?

By paying them off in full within five years Mainly through economic growth and moderate inflation over decades By refusing to pay By printing money until hyperinflation

Debt ratios fell as economies grew and inflation reduced the real value of debt.

Question 3 of 5 What does the phrase guns versus butter describe?

A trade agreement The trade-off between military and civilian spending A type of tax A farming policy

Every dollar spent on the military has an opportunity cost in other spending.

Question 4 of 5 Which country is the largest arms exporter?

India Germany The United States Brazil

SIPRI data show the United States accounted for over 40 percent of arms exports in 2020 to 2024.

Question 5 of 5 According to research on post-conflict countries, which is true?

Countries never grow after war Countries emerging from civil war face a high risk of returning to conflict Aid is always most effective immediately after fighting ends Rebuilding roads alone guarantees lasting peace

Growth, jobs, fair resource sharing and strong institutions help reduce this risk.

← Back to Rebuilding After War Next lesson → The Conflict Trap: Why Poverty and War Feed Each Other

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