Which Was the First State in Eastern Europe to Establish

question 49

Multiple Choice

Which was the first state in Eastern Europe to establish a post-war political stability under democracy?

• A) Poland
• B) Yugoslavia
• C) Hungary
• D) Romania
• E) Czechoslovakia

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Definitions:

Higher Opportunity Cost

The increased potential loss of choosing one option over another, indicating a sacrifice of higher value alternatives.

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Comparative Advantage

The capacity of a nation, person, business, or area to generate a product or offer a service with a smaller opportunity cost compared to its rivals.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.