Match the Person or Term with the with the Correct

question 42

Multiple Choice

Match the person or term with the with the correct description.
-Mikhail Gorbachev

• A)first woman appointed on the Supreme Court
• B)leader of the Moral Majority
• C)vice presidential candidate
• D)Supreme Court chief justice
• E)supporter of the Family Assistance Plan
• F)national security advisor
• G)Soviet leader
• H)Strategic Defense Initiative
• I)staunch opponent of the ERA
• J)Camp David Accords
• K)Iran-Contra affair
• L)Reagan's vice president

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Definitions:

Income Effect

The change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.

Substitution Effect

The change in quantity demanded resulting from a change in the price of a good, making other goods more or less expensive relative.

Saving

The process of setting aside a portion of current income for future use or investment.

Capital Income

Income generated through investments, such as dividends from stocks, interest from bonds, or rent from real estate, as opposed to earned income from labor.