By the End of 1991, Soviet Attempts at Economic Reform

question 39

Multiple Choice

By the end of 1991, Soviet attempts at economic reform had created chaos, and the:

• A) Soviet military staged a successful coup.
• B) Soviet Union dissolved, ending the Cold War.
• C) United States had to intervene with financial aid.
• D) Soviets sought U.S. assistance.

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Definitions:

Transfer Payments

These are payments made by the government to individuals, without the government receiving any goods or services in return, such as welfare or social security.

Resources

Assets, materials, or inputs used in the production of goods and services.

Federal Tax Revenue

The income collected by the federal government mainly through taxes such as income tax, corporate tax, and excise duties.

Personal Income

The total amount of income received by an individual or household from all sources, including but not limited to wages, salaries, dividends, and rental income, before any taxes or deductions.