The Four Modernizations Were Proposed

question 11

Multiple Choice

The Four Modernizations were proposed

• A) as ways to complete the social restructuring of the Cultural Revolution.
• B) by Red Guard leaders to challenge bureaucratic leadership.
• C) as replacements for Mao Zedong's goals for the Cultural Revolution.
• D) when the Soviet Union withdrew its aid to China.
• E) to distract people from the infighting among party leaders.

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Definitions:

Profit Per Unit

The amount of income earned from selling one unit of a product after deducting the costs associated with its production and sale.

Profit-Maximizing Output

The level of production where a firm achieves the highest possible profit, where marginal cost equals marginal revenue.

Lawn-Mowing

The action of cutting the grass in a yard or garden using a machine known as a lawnmower.

Optimal Output

The level of production that maximizes a firm's profit or minimizes its cost, given its production function and market conditions.