Why Is the Rise of a New Major Power Potentially

question 6

Multiple Choice

Why is the rise of a new major power potentially dangerous?

• A)Peripheral powers are uniformly in favor of the existing system.
• B)The declining power has no incentive to avoid conflict.
• C)The rising power cannot commit not to revise current bargains in the future.
• D)Existing institutions cannot be reshaped to accommodate new distributions of power.

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Definitions:

Market Supply Elasticity

A measure of how much the quantity supplied of a good changes in response to a change in price.

Supply Curves

Graphical representations showing the relationship between the price of a good and the amount of it that producers are willing to supply at that price.

Average Variable Cost

The total variable costs of production divided by the quantity of output produced, indicating the cost to produce an additional unit when fixed costs are excluded.

Marginal Cost Function

A mathematical representation that describes how the cost of producing one additional unit of a good varies as the quantity of production changes.