Select the Word or Phrase That Best Matches the Definition

question 8

Multiple Choice

Select the word or phrase that best matches the definition or example.
-South African nationalist and leader of the African National Congress who was imprisoned for twenty-seven years on charges of treason,sabotage,and conspiracy to overthrow the apartheid government of South Africa;he was elected president of South Africa in 1994,four years after he was finally released from prison.

• A)decolonization
• B)Indian National Congress
• C)Mahatma Gandhi
• D)satyagraha
• E)Muslim League
• F)Muhammad Ali Jinnah
• G)Abdul Ghaffar Khan
• H)African National Congress
• I)Nelson Mandela
• J)Black Consciousness
• K)Soweto
• L)military government
• M)Mozambique's civil war
• N)globalization of democracy
• O)import substitution industrialization
• P)export-led industrialization
• Q)Mustafa Kemal Atatürk
• R)Ayatollah Ruhollah Khomeini

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Definitions:

Total Costs

Represents the complete expenditures incurred by a firm or an individual in the production or purchase of goods and services.

Economic Profit

The profit a company makes after deducting both its explicit costs (like materials and wages) and its implicit costs (like opportunity costs), representing the additional amount earned over what could have been earned from the next-best alternative.

Labor And Capital

The primary factors of production where labor refers to the work done by humans, and capital refers to financial assets or physical tools and machinery used to produce goods and services.

Most Efficient Combination

The optimal mix of factors or inputs that produces the highest output or outcome for a given set of resources or costs.