How Did Communism Collapse in Czechoslovakia

question 7

Multiple Choice

How did Communism collapse in Czechoslovakia?

• A) Lech Walesa's Solidarity won a majority of seats in a free election.
• B) Playwright Václav Havel led the nonviolent Velvet Revolution.
• C) The government in power adopted a Bill of Rights and moved toward a free-market economy.
• D) The New Forum opposition group forced party leaders out of office.
• E) Communist leader Nicolae Ceaușescu was put on trial and executed.

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Definitions:

Loanable Funds

The total funds available for borrowing in the economy, coming from savings, that are used for investments and consumption.

Interest Rate

The fraction of a loan incurred as interest by the borrower, often depicted as an annual percentage of the outstanding loan amount.

Capital Flight

The rapid movement of large sums of money out of a country, typically to escape economic instability or unfavorable investment conditions.

Domestic Investment

The total capital expenditure within a country's borders on physical assets such as buildings, machinery, and equipment, contributing to the national economy.