What Theory Describes Regular Historical Cycles of Preponderance and War

question 25

Multiple Choice

What theory describes regular historical cycles of preponderance and war and posits that hegemons develop global commitments, and that adversaries seek to build their power until they can challenge the hegemon's dominance in a hegemonic war?

• A) Power transition theory.
• B) Balance-of-power theory.
• C) Military overextension theory.
• D) Rational choice theory.

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Definitions:

Kinked-demand Model

A model used to explain price stability in oligopolistic markets, suggesting that firms may not change their pricing in response to small changes in costs or demand due to a perceived kink in the demand curve.

Price Increases

A rise in the cost of goods and services over a period of time, often measured as a percentage.

Price Cuts

Reductions in the selling price of goods or services, often used as a strategy to increase demand or compete more effectively in the market.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market.