The Nixon-Khrushchev Debates Held in the Setting of a Suburban

question 27

Essay

The Nixon-Khrushchev debates held in the setting of a suburban kitchen illustrated how freedom in America had come to mean economic abundance and consumer choices during the 1950s. How is this new conception of freedom a departure from Roosevelt's "Four Freedoms"?

---

Definitions:

Downward Sloping

Refers to a graph line that shows a decrease in price leading to an increase in demand, commonly illustrated in supply and demand curves.

Economic Profits

Profit or loss calculated by subtracting total costs, including opportunity costs, from total revenues to determine overall effectiveness.

Average Rate

The mean quantity or figure computed by dividing the sum of all measured quantities by the number of quantities.

Above Average Profits

Earnings that exceed the norm for a particular industry or sector, often resulting from competitive advantages or efficient operations.