Collectivization in the Soviet Union Included the

question 104

Multiple Choice

Collectivization in the Soviet Union included the

• A) extermination of many prosperous peasants.
• B) exile to the far north of millions of peasants.
• C) forceful requisition of agricultural assets by the state.
• D) establishment of "factory farms" or collective farms.
• E) all of the above

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Definitions:

Total Surplus

The sum of consumer surplus and producer surplus; a measure of the total benefit to society from a market transaction.

Consumer Surplus

The differential between consumers’ readiness to pay a certain amount for a service or good and the payment completed.

Equilibrium

The condition in a market where the quantity demanded equals the quantity supplied, leading to no inherent force for price change.

Property Rights

Legal rights to possess, use, and dispose of assets, including real estate, intellectual property, or physical goods, crucial for the functioning of markets and economies.