Use the Following to Answer Questions

question 45

Multiple Choice

Use the following to answer questions:
Select the word or phrase from the Terms section that best matches the definition or example provided in the Definitions section.
Terms
-Leader of the Bolsheviks who believed that Russia, despite its industrial backwardness, was nonetheless ready for a socialist revolution that would spark further revolutions in the more developed countries of Europe.

• A)Russian Revolution (1917)
• B)Bolsheviks
• C)Lenin
• D)Guomindang
• E)Mao Zedong
• F)Chinese Revolution
• G)Stalin
• H)building socialism
• I)Zhenotdel
• J)collectivization
• K)Cultural Revolution
• L)Great Purges/Terror
• M)Anna Dubova
• N)Cuban Revolution
• O)Cuban missile crisis
• P)Nikita Khrushchev
• Q)Deng Xiaoping
• R)perestroika
• S)glasnost
• T)Mikhail Gorbachev

---

Definitions:

Purely Competitive Producer

A producer in a market structure characterized by many small firms, homogeneous products, and free entry and exit, leading to zero economic profit in the long run.

Economic Profit

The differential amount left after subtracting all types of costs, both seen and unseen, from the total income.

Maximize Profit

The process or strategy of adjusting production and operation to achieve the highest possible return or profit.

Minimize Losses

Refers to the strategy of reducing the amount of money or resources wasted or not profitably used in a business or operation.