It is factually incorrect to mention that the Marshall Plan was successful, and that it raised living standards in Western Europe. It also did not open up new and profitable markets for the American business. Therefore, the statement given above is false.
The Marshall Plan was a plan implemented and bought into effect after the end of the Second World War. The primary intention of the Marshall Plan was to bring economic restoration of the Western Europe through the American support. However, despite an avid support from the governments, the Marshall Plan failed to do what it had promised.
Learn more about the Marshall Plan here:
https://brainly.com/question/22602380
#SPJ4
The question is assumed as a true or false type question.
