The Demise of the Soviet Union in the 1990s Led

question 17

Multiple Choice

The demise of the Soviet Union in the 1990s led to both the establishment of new democratic republics in formerly Soviet-controlled territories and

• A) the end of NATO, since the threat of nuclear war from the Warsaw Pact nations had ended.
• B) increased democracy in other Communist states, most notably China.
• C) a dramatic improvement in living conditions for former Soviet citizens, especially with regard to access to jobs and consumer goods.
• D) an increase in ethnic conflicts in many of the newly independent states as different ethnic groups struggled for land and power.

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Definitions:

Short-Run Benefits

Advantages or gains received in the immediate future, often without consideration for long-term implications.

Economic Thinking

The process of making decisions based on the efficient allocation of scarce resources.

Personal Benefits

Are advantages or favorable outcomes that accrue directly to an individual as a result of their actions or decisions.

Public Sector

The part of the economy composed of both public services and public enterprises, owned and operated by the government.