An Explanation for Why Transition in Russia Has Been So

question 70

Multiple Choice

An explanation for why transition in Russia has been so difficult is that Russia lacked any historical experience with _______ and a _______ that it could look back on.

• A) control of the people; plan
• B) democracy; market economy
• C) foreign relations; strong government
• D) economic organization; strong political system

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Definitions:

Marginal Cost

The amount spent to produce one more unit of a product or service.

Public School Districts

Administrative divisions within a state that are responsible for managing and operating public schools in a particular geographic area.

Marginal Cost Curve

A graphical representation showing the change in total production cost resulting from producing one additional unit of a good.

Upward-Sloping

Typically refers to the positive slope of a supply curve in economics, indicating that as the price increases, the quantity supplied also increases.