By 1947, the Intense Rivalry Between the Soviet Union and the United

question 19

Multiple Choice

By 1947, the intense rivalry between the Soviet Union and the United States was called

• A) the iron curtain.
• B) the Cold War.
• C) Communist hysteria.
• D) the Red scare.

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Definitions:

Present Value

The value today of the stream of expected future annual income that a property generates.

Interest Rate

Interest paid divided by amount borrowed.

Economic Rent

The excess payment to a resource above what it is necessary to pay to secure its use.

Landlords

Individuals or entities who own property that is rented or leased to others, receiving rental income in return.