What Did the Events of 1956 in Eastern Europe Teach

question 62

Multiple Choice

What did the events of 1956 in Eastern Europe teach Russian government officials?

• A) That the U.S. would use force in defending anti-communist movements.
• B) That they had to grant leeway for the adoption of some domestic reforms inside East European countries.
• C) That there was only one road to Socialism.
• D) That national independence for Eastern European countries was inevitable.
• E) That Eastern Europe would unite into a politically unified state with or without Russian support.

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Definitions:

Marginal Cost

The additional cost incurred when producing one more unit of a good or service.

Economic Profit

The total revenue of a firm minus its explicit and implicit costs, representing the surplus generated beyond the opportunity cost.

Marginal Revenue

The increase in earnings from the sale of one additional unit of a good or service.

Competitive Price-Taker

An enterprise that is unable to dictate the market price and thus must conform to the current market price for its offerings.