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Solutions for Chapter 27: Development of the Cold War

Full solutions for World History | 2nd Edition

ISBN: 9780078607028

Solutions for Chapter 27: Development of the Cold War

Solutions for Chapter 27
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Textbook: World History
Edition: 2
Author: Jackson J. Spielvogel
ISBN: 9780078607028

Since 28 problems in chapter 27: Development of the Cold War have been answered, more than 10078 students have viewed full step-by-step solutions from this chapter. Chapter 27: Development of the Cold War includes 28 full step-by-step solutions. World History was written by and is associated to the ISBN: 9780078607028. This textbook survival guide was created for the textbook: World History, edition: 2. This expansive textbook survival guide covers the following chapters and their solutions.

Key Business Terms and definitions covered in this textbook
  • behavioral economics

    the subfield of economics that integrates the insights of psychology

  • budget surplus

    an excess of tax revenue over government spending

  • collective bargaining

    the process by which unions and firms agree on the terms of employment

  • demand schedule

    a table that shows the relationship between the price of a good and the quantity demanded

  • efficiency wages

    above-equilibrium wages paid by firms to increase worker productivity

  • equilibrium quantity

    the quantity supplied and the quantity demanded at the equilibrium price

  • equilibrium quantity

    the quantity supplied and the quantity demanded at the equilibrium price

  • externality

    the uncompensated impact of one person’s actions on the well-being of a bystander

  • job search

    the process by which workers find appropriate jobs given their tastes and skills

  • macroeconomics

    the study of economy-wide phenomena, including inflation, unemployment, and economic growth

  • marginal cost

    the increase in total cost that arises from an extra unit of production

  • maximin criterion

    the claim that the government should aim to maximize the well-being of the worst-off person in society

  • median voter theorem

    a mathematical result showing that if voters are choosing a point along a line and each voter wants the point closest to his most preferred point, then majority rule will pick the most preferred point of the median voter

  • natural rate of unemployment

    the normal rate of unemployment around which the unemployment rate fluctuates

  • negative income tax

    a tax system that collects revenue from high-income households and gives subsidies to lowincome households

  • oligopoly

    a market structure in which only a few sellers offer similar or identical products

  • permanent income

    a person’s normal income

  • poverty line

    an absolute level of income set by the federal government for each family size below which a family is deemed to be in poverty

  • price floor

    a legal minimum on the price at which a good can be sold

  • utility

    a measure of happiness or satisfaction

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