Soviet Troops Crushed a Grassroots Revolt in Which of the Following

question 68

Multiple Choice

Soviet troops crushed a grassroots revolt in which of the following countries after Khrushchev took power?

• A) Czechoslovakia
• B) Romania
• C) North Korea
• D) Hungary

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Definitions:

Moral Hazard

The situation where one party takes on risk because they know that another party will bear the consequences.

Adverse Selection

A situation in insurance and markets where higher-risk individuals are more likely to select and use insurance or services, potentially leading to market inefficiencies.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.

Diminishing Utility

A principle in economics that as consumption of a good or service increases, the marginal utility derived from each additional unit decreases.