When President Kennedy Refused to Accede to Soviet Demands in the 1961

question 79

Multiple Choice

When President Kennedy refused to accede to Soviet demands in the 1961 Berlin crisis, the Soviet Union

• A) denied the Western powers access to their zones in the city of Berlin.
• B) began installing tactical nuclear weapons in East Germany.
• C) built the Berlin Wall.
• D) cut off all trade with the United States, Great Britain, and France.

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Definitions:

Coase Theorem

An economic theory that suggests that private parties can solve the problem of externalities among themselves, regardless of the initial distribution of rights, as long as property rights are well-defined and transaction costs are low.

Pollution Reduction

Actions or strategies aimed at decreasing the amount of pollutants released into the environment.

Trade Permits

Licenses required by governments for the legal import or export of certain goods, services, or commodities.

Total Cost

The overall expenditure involved in generating products or offering services, comprising both unchanging and adjustable expenses.