In 1999, the Breakdown of the 1995 Peace Agreement Concerning

question 140

Multiple Choice

In 1999, the breakdown of the 1995 peace agreement concerning the Balkan crisis led to which of the following?

• A) President Clinton tried to persuade Congress to send arms to the Bosnian Muslims.
• B) Secretary of State Madeleine Albright publicly praised the abrogation of the agreement.
• C) U.S.-led NATO forces began an aerial bombardment of Serbia.
• D) Congress demanded the withdrawal of all American forces from the region.

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Definitions:

Initial Endowment

The initial quantity of assets, goods, or resources that an agent or economy possesses at the start of a period.

Competitive Equilibrium

A state in a market where supply equals demand, and no participant has the ability to influence prices.

Demand Equals Supply

An economic condition where the quantity demanded by consumers matches the quantity supplied by producers, leading to market equilibrium.

Numeraire

A standard unit of measurement in economics used to represent prices or values of other goods in terms of this unit.