- 12.1: Vocabulary Define: aid, satellite state, policy of containment, occ...
- 12.2: People and Events Identify: Truman Doctrine, Dean Acheson, Marshall...
- 12.3: Places Locate: Berlin, Federal Republic of Germany, German Democrat...
- 12.4: Explain why the Berlin Wall was built.
- 12.5: Evaluating In your opinion, why did the United States assume global...
- 12.6: Organizing Information Use a table like the one below to list the m...
- 12.7: Examine the map on page 588. Why do you think the Soviets were able...
- 12.8: Informative Writing Imagine that you are a resident of Berlin in 19...
Solutions for Chapter 12: Cold War and Postwar Changes
Full solutions for World History: Modern Times | 3rd Edition
average fixed cost
fixed cost divided by the quantity of output
a group of firms acting in unison
constant returns to scale
the property whereby long-run average total cost stays the same as the quantity of output changes
the offering of different opportunities to similar individuals who differ only by race, ethnic group, sex, age, or other personal characteristics
input costs that require an outlay of money by the firm
financial institutions through which savers can indirectly provide funds to borrowers
costs that do not vary with the quantity of output produced
a person who receives the benefit of a good but avoids paying for it
the percentage change in the price index from the preceding period
internalizing the externality
altering incentives so that people take account of the external effects of their actions
the regular pattern of income variation over a person’s life
an economy that allocates resources through the decentralized decisions of many firms and households as they interact in markets for goods and services
a firm that is the sole seller of a product without close substitutes
the purchase and sale of U.S. government bonds by the Fed
the quantity of goods and services produced from each unit of labor input
a tax for which highincome taxpayers pay a smaller fraction of their income than do low-income taxpayers
regulations on the minimum amount of reserves that banks must hold against deposits
the limited nature of society’s resources
Tragedy of the Commons
a parable that illustrates why common resources are used more than is desirable from the standpoint of society as a whole
the costs that parties incur in the process of agreeing to and following through on a bargain