What Global Event Contributed to the End of ISI

question 35

Multiple Choice

What global event contributed to the end of ISI?

• A) the Great Depression
• B) WW II
• C) the oil shocks of the 1970s
• D) the Lost Decade
• E) the Cold War

---

Definitions:

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good changes as production volume varies.

Upward Sloping

A line on a graph that shows an increase in a certain variable as another variable increases.

Sunk Costs

Costs that have already been incurred and cannot be recovered, and therefore, should not be considered in making future economic decisions.

All-Day Ticket

A pass that allows unlimited use or access to a service, such as public transport or an event, for the entire day.