When a State Seeks to Acquire the Neighboring Territory That

question 76

Multiple Choice

When a state seeks to acquire the neighboring territory that is home to ethnically similar people and territory on the other side of its international border by appealing to a concentrated group,this action is termed _____________________.

• A) colonization
• B) devolution
• C) interference
• D) irredentism
• E) balkanization

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Definitions:

Profit-Maximizing Monopoly

A monopoly that adjusts its output level to where marginal costs equal marginal revenues to achieve the highest possible profit.

Additional Unit

In economics, refers to the next item or unit of production, used in analyzing the costs and benefits of producing one more unit of a good or service.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity produced, representing the cost per unit of output.

Monopolist Profit

The profit earned by a monopolist, which arises from controlling the market supply of a good or service and setting prices above marginal costs.