The Communist Party of the Russian Federation

question 23

Multiple Choice

The Communist Party of the Russian Federation

• A) continues to be an important party in the country, although its success at the polls has steadily declined.
• B) initially renamed itself the Socialist Party after the collapse of the Soviet Union but switched back to its original name.
• C) has always controlled the Duma.
• D) was initially outlawed after the collapse of the Soviet Union but was allowed to participate in politics shortly thereafter.
• E) focuses on the social costs of market reform but generally supports it.

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity demanded.

Tennis Balls

Small, usually yellow, hollow rubber balls covered in a fibrous felt, used in the game of tennis.

Tennis Racquets

Sporting equipment consisting of a handled frame with an open hoop across which a network of strings is stretched, used to hit a tennis ball.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing to buy at each price point.