The Rise of Populism That Began in 2016

question 50

Multiple Choice

The rise of populism that began in 2016

• A) was triggered by the election of populist parties in the Netherlands and France.
• B) is a reaction to the economic and political globalization that began at the end of the Cold War.
• C) was triggered by Russia's invasion of Ukraine and annexation of Crimea.
• D) is a reaction to the rise of the Islamic State.

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Definitions:

Elasticity Of Demand

This metric indicates the reaction of the quantity of a product demanded by consumers to shifts in its price, expressed as the ratio of the percentage change in demand to the percentage change in the product's price.

Marginal Costs

The cost associated with producing one additional unit of a good, highlighting the changes in total production cost.

Profit Maximizing

A strategy or point at which a business achieves the highest level of profit possible with the given resources and market conditions.

Parallel Conduct

Form of implicit collusion in which one firm consistently follows actions of another.