Match the Term with the Definition

question 5

Multiple Choice

Match the term with the definition.
-1991 war between Iraq and a U.S.-led international coalition. The war was sparked by the 1990 Iraqi invasion of Kuwait. A forty-day bombing campaign against Iraq followed by coalition troops storming into Kuwait brought a quick coalition victory.

• A)Americans with Disabilities Act (ADA)
• B)Clean Air Act of 1990
• C)Earned Income Tax Credit (EITC)
• D)Iraq War
• E)Patient Protection and Affordable Care Act
• F)Persian Gulf War
• G)Personal Responsibility and Work Opportunity Reconciliation Act
• H)No Child Left Behind Act
• I)North American Free Trade Agreement (NAFTA)
• J)USA Patriot Act
• K)World Trade Organization (WTO)

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Definitions:

Payments

The act of transferring money or its equivalent in exchange for goods, services, or to fulfill a legal obligation.

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance.

Variable Costs

Expenses that vary directly with the level of production or output, including costs such as raw materials and labor directly involved in manufacturing.

Price Changes

Alterations in the cost of goods or services over time, which can be influenced by factors such as supply and demand.