Match the Term with the Definition

question 48

Multiple Choice

Match the term with the definition.
-Law authorizing the construction of 810,000 units of government housing. This landmark effort marked the first significant commitment of the federal government to meet the housing needs of the poor.

• A)Central Intelligence Agency (CIA)
• B)Cold War
• C)containment
• D)House Un-American Activities Committee (HUAC)
• E)Housing Act of 1949
• F)iron curtain
• G)Marshall Plan
• H)North Atlantic Treaty Organization (NATO)
• I)NSC 68
• J)Korean War
• K)Taft-Hartley Act
• L)Truman Doctrine

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Definitions:

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than others.

Goodwill

An intangible asset that arises when a buyer acquires an existing business, representing the value of the business's reputation, brand, and ongoing relations.

Comparative Advantage

The capacity of an entity to generate a product or service with a smaller opportunity cost compared to others.

Free-Trade Policies

Economic policies that allow imports and exports to occur without restrictive tariffs, quotas, or other barriers to trade.