By the 1980s Soviet Problems Included All of the Following

question 7

Multiple Choice

By the 1980s Soviet problems included all of the following except

• A)a collapse of the space exploration program.
• B)a decline in the standard of living.
• C)rigid, centralized planning.
• D)the failure to keep pace with the West in the production of high technology.
• E)the inability of the Communist Party and state agencies to solve problems quickly.

---

Definitions:

Buyer Surplus

The difference between the buyer’s value (what he is willing to pay) and the price (what he has to pay).

Seller Surplus

The difference between price (what the seller is able to sell for) and the seller’s value (what she is willing to sell for).

Individual's Value

The worth or significance of a person, often considered in terms of their qualities, actions, and contributions to society.

Willing

Displaying a readiness or preference towards a particular action or decision.