- 13.1: Vocabulary Define: dtente, dissident, apparent, expansion, perestro...
- 13.2: People and Events Identify: Mikhail Gorbachev, Leonid Brezhnev, Bre...
- 13.3: Places Locate: Afghanistan, Ukraine, Belarus.
- 13.4: Explain why the conservative leaders of the traditional Soviet inst...
- 13.5: Drawing Inferences Why did the former Soviet Union have problems ad...
- 13.6: Organizing Information Create a diagram like the one below showing ...
- 13.7: Examine the photograph on page 611 of a man tearing down the Berlin...
- 13.8: Expository Writing Locate biographical information on Leonid Brezhn...
Solutions for Chapter 13: The Contemporary Western World
Full solutions for World History: Modern Times | 3rd Edition
average total cost
total cost divided by the quantity of output
a group of firms acting in unison
goods that are excludable but not rival in consumption
the failure of majority rule to produce transitive preferences for society
constant returns to scale
The property whereby long-run average total cost stays the same as the quantity of output changes
the study of how society manages its scarce resources
the one-for-one adjustment of the nominal interest rate to the inflation rate
the study of how people behave in strategic situations
an increase in the overall level of prices in the economy
the change in total revenue from an additional unit sold
a group of buyers and sellers of a particular good or service
market for loanable funds
the market in which those who want to save supply funds and those who want to borrow to invest demand funds
the quantity of money available in the economy
the total income in the economy that remains after paying for consumption and government purchases
natural level of output
the production of goods and services that an economy achieves in the long run when unemployment is at its normal rate
producer price index
a measure of the cost of a basket of goods and services bought by firms
the quantity of goods and services produced from each unit of labor input
the amount of a good that buyers are willing and able to purchase
regulations on the minimum amount of reserves that banks must hold against deposits
a worker association that bargains with employers over wages, benefits, and working conditions