Answer the Following Questions

question 56

Multiple Choice

Answer the following questions:
-developed socialism

• A)Doctrine that held that the Soviet Union had the right to intervene in any East Bloc country whenever it saw the need.
• B)Society that relies on high-tech and service-oriented jobs for economic growth rather than heavy industry and manufacturing jobs.
• C)Term coined in the early 1980s to describe the combination of low growth and high inflation that led to a worldwide recession.
• D)A term used by Communist leaders to describe the socialist accomplishments of their societies, such as nationalized industry, collective agriculture, and extensive social welfare programs.
• E)Philosophy of 1980s conservatives who argued for decreased government spending on social services and privatization of state-run industries.
• F)The term given to the relatively peaceful overthrow of communism in Czechoslovakia; the label came to signify the collapse of the East Bloc in general in 1989 to 1990.
• G)The progressive relaxation of Cold War tensions that emerged in the early 1970s.
• H)Independent Polish trade union that worked for workers' rights and political reform throughout the 1980s.
• I)A 1960s counterculture movement that embraced updated forms of Marxism to challenge both Western capitalism and Soviet-style communism.
• J)Economic restructuring and reform implemented by Premier Mikhail Gorbachev in the Soviet Union in 1985.
• K)Soviet premier Mikhail Gorbachev's popular campaign for openness in government and the media.

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Definitions:

Bonds

Debt securities issued by entities such as governments or corporations to raise capital, promising to repay the principal along with interest at a future date.

Private Saving

The portion of households' income that is not consumed or paid in taxes, and is instead saved.

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit, often through the purchase of assets that are expected to increase in value.

Private Saving

The portion of individual or household income that is not consumed or taxed, often saved or invested for future use.