According to the Domino Theory, If Vietnam Fell to the Communists

question 88

Multiple Choice

According to the domino theory, if Vietnam fell to the communists, the two next countries to fall to communism would be

• A)Burma and Thailand.
• B)North and South Korea.
• C)China and Taiwan.
• D)Laos and Cambodia.
• E)Malaysia and Indonesia.

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Definitions:

Equilibrium Price

The equilibrium price is the price at which the quantity of a good or service demanded by consumers matches the quantity supplied by producers, resulting in market balance.

Permanent Shortage

Permanent Shortage refers to a situation where the demand for a good or service persistently exceeds its supply, often due to structural issues within the market or supply chain.

Temporary Shortage

A situation where the demand for a product or service exceeds its supply in a short-term period.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready to buy at a particular price point.