Study the Key Terms listed in this chapter. Consult the glossary as needed.
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_____ Build-operate-transfer project
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a. prices are free to respond to supply and demand
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_____ Centralization
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b. government spending is balanced with taxes
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_____ Council for Mutual Economic Assistance
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c. private construction projects paid for by tolls or fees to be
eventually turned over to the government
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_____ Extensive economic system
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d. money supply is managed to prevent inflation
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_____ Financial reform
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e. trade barriers are removed and currencies become convertible
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_____ Fiscal policy
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f. Soviet method of adding inputsto increase production
instead of improving productivity
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_____ Fordist organization
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g. centrally planned production within economic sectors rather than
on regional strengths
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_____ Monetary control
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h. integrated economic activities between the Soviet Union and Eastern
Europe
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_____ Price reform
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i. manufacturing is emphasized
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_____ Privatization
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j. capital allowed to flow to profit-making enterprises
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_____ Trade reform
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k. state owned enterprises are sold to private ownership
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_____ Black earth soils
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a. good soils often formed beneath grasslands
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_____ Brown earth soils
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b. poor soils often formed beneath coniferous forests
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_____ Midlatitude continental interior climate
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c. trees cannot grow, but grasses and low shrubs can
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_____ Northern coniferous forest
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d. good soils often formed beneath deciduous forests
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_____ Permafrost
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e. also known as taiga
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_____ Podzol soils
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f. one of the world's major arable regions
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_____ Steppe grasslands
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g. very cold winters and hot summers
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_____ Tundra
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h. permanently frozen ground
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2002 McGraw-Hill Higher Education