Use the Following to Answer Questions

question 33

Multiple Choice

Use the following to answer questions :
-petrodollars

• A)The main black nationalist organization in South Africa, led by Nelson Mandela.
• B)Economic restructuring and reform implemented by Soviet premier Mikhail Gorbachev that permitted an easing of government price controls on some goods, more independence for state enterprises, and the establishment of profit-seeking private cooperatives.
• C)The site of a Chinese student revolt in 1989 at which Communists imposed martial law and arrested, injured, or killed hundreds of students.
• D)Beginning in 1987, a prolonged campaign of civil disobedience by Palestinian youth against Israeli soldiers; the Arabic word means "shaking off."
• E)A return beginning in the 1980s to policies intended to promote free markets and the free circulation of capital across national borders.
• F)An economic and political alliance of twelve European nations formed in 1993 that has since grown to include twenty-eight European nations.
• G)The global recirculation by international banks of profits from the higher price of oil following the 1973 OPEC oil embargo.
• H)The progressive relaxation of Cold War tensions between the United States and the Soviet Union in the late 1960s and early 1970s.
• I)The system of racial segregation and discrimination that was supported by the Afrikaner government in South Africa.
• J)A government headed by a council of commanders of the branches of the armed forces.
• K)Soviet premier Mikhail Gorbachev's popular campaign for government transparency and more open media.
• L)Policies restricting public spending, lowering import barriers, privatizing state enterprises, and deregulating markets in response to the 1980s debt crisis in Latin America.
• M)A nickname from the 1970s and 1980s used to describe what some considered the unfair relationship between Japan's business world and government.
• N)Led by Lech Walęsa, an independent Polish trade union organized in 1980 that worked for the rights of workers and political reform.
• O)A cartel formed in 1960 by oil-exporting countries designed to coordinate oil production and raise prices, giving those countries greater capacity for economic development and greater leverage in world affairs.

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Definitions:

Product Line

A group of related products manufactured by a single company, often serving a particular customer segment or purpose.

Brand Extension

A strategy whereby a company uses an existing brand name to launch a product in a different category, leveraging the brand's established image and following.

Pure Competition

A market structure characterized by a large number of small firms, homogeneity of products, and easy entry and exit, leading to perfect competition.

Commodity Products

Products that are largely interchangeable with others of the same type because they have no significant differentiation.