What Is Perestroika

question 85

Multiple Choice

What is perestroika?

• A) greater openness, a policy in the 1980s that encouraged several republics to demand independence
• B) planned economic restructuring, an early move toward a freer market
• C) a policy of education improvement, in the last days of the former Soviet Union
• D) the Russian word for railroad
• E) improvement of the Russian environment

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Definitions:

Unit Costs

The cost incurred by a company to produce, store, and sell one unit of a particular product or service.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified time period.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.

Labor Force

The total number of people employed or seeking employment in an economy at a given time.