The Collapse of Communism in the Soviet Union and Eastern

question 102

Multiple Choice

The collapse of communism in the Soviet Union and Eastern Europe took place mainly in the

• A)1960s.
• B)1970s.
• C)1980s.
• D)1990s.

---

Definitions:

Increase in Price

A rise in the cost of goods or services, often due to factors like inflation, increased demand, or production costs.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at set prices.

Fixed Money Income

An income level that remains constant and does not adjust for inflation or economic conditions.

Budget Line

A graphical representation showing all possible combinations of two goods that can be purchased with a given budget at set prices.