×
Log in to StudySoup
Get Full Access to Business - Textbook Survival Guide
Join StudySoup for FREE
Get Full Access to Business - Textbook Survival Guide

Solutions for Chapter 28: Decline of the Soviet Union

Full solutions for World History | 2nd Edition

ISBN: 9780078607028

Solutions for Chapter 28: Decline of the Soviet Union

Solutions for Chapter 28
4 5 0 271 Reviews
23
3
Textbook: World History
Edition: 2
Author: Jackson J. Spielvogel
ISBN: 9780078607028

This expansive textbook survival guide covers the following chapters and their solutions. This textbook survival guide was created for the textbook: World History, edition: 2. World History was written by and is associated to the ISBN: 9780078607028. Since 27 problems in chapter 28: Decline of the Soviet Union have been answered, more than 9086 students have viewed full step-by-step solutions from this chapter. Chapter 28: Decline of the Soviet Union includes 27 full step-by-step solutions.

Key Business Terms and definitions covered in this textbook
  • ability-to-pay principle

    the idea that taxes should be levied on a person according to how well that person can shoulder the burden

  • absolute advantage

    the ability to produce a good using fewer inputs than another producer

  • business cycle

    fluctuations in economic activity, such as employment and production

  • capital fligh

    a large and sudden reduction in the demand for assets located in a country

  • cartel

    a group of firms acting in unison

  • closed economy

    an economy that does not interact with other economies in the world

  • common resources

    goods that are rival in consumption but not excludable

  • economics

    the study of how society manages its scarce resources economies of scale the property whereby long-run average total cost falls as the quantity of output increases

  • law of supply and demand

    the claim that the price of any good adjusts to bring the quantity supplied and the quantity demanded for that good into balance

  • macroeconomics

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

  • marginal rate of substitution

    the rate at which a consumer is willing to trade one good for another

  • market

    a group of buyers and sellers of a particular good or service

  • moral hazard

    the tendency of a person who is imperfectly monitored to engage in dishonest or otherwise undesirable behavior

  • moral hazard

    the tendency of a person who is imperfectly monitored to engage in dishonest or otherwise undesirable behavior

  • normal good

    a good for which, other things being equal, an increase in

  • perfect complements

    two goods with right-angle indifference curves

  • price ceiling

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

  • real variables

    variables measured in physical units

  • sacrifice ratio

    the number of percentage points of annual output lost in the process of reducing inflation by 1 percentage point

  • total revenue (for a firm)

    the amount a firm receives for the sale of its output

×
Log in to StudySoup
Get Full Access to Business - Textbook Survival Guide
Join StudySoup for FREE
Get Full Access to Business - Textbook Survival Guide
×
Reset your password