Match the Term with the Definition

question 71

Multiple Choice

Match the term with the definition.
-Yearlong boycott of Montgomery's segregated bus system in 1955-56 by the city's African American population. The boycott brought Martin Luther King Jr. to national prominence and ended in victory when the Supreme Court declared segregated transportation unconstitutional.

• A)baby boom
• B)Brown v. Board of Education
• C)Cuban revolution
• D)domino theory
• E)Eisenhower Doctrine
• F)Hernandez v. Texas
• G)Interstate Highway and Defense System Act of 1956
• H)military-industrial complex
• I)Montgomery bus boycott
• J)mutually assured destruction (MAD)
• K)rock and roll
• L)Sun Belt

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Definitions:

Total Variable Cost

The overall cost that varies directly with the level of output, including expenses like labor and material costs.

Supply Curve

An illustrated diagram depicting the connection between an item's price and the volume of the item that providers are ready to sell.

Purely Competitive Industry

A market structure characterized by many small firms producing identical products where no single firm can influence the market price.

AVC Curve

A graph that illustrates the average variable costs associated with producing different quantities of output, typically showing a U-shaped curve due to economies and diseconomies of scale.