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In economics a trade-off is expressed in terms of the opportunity cost of a particular choice, which is the loss of the most preferred alternative given up. [2] A tradeoff, then, involves a sacrifice that must be made to obtain a certain product, service, or experience, rather than others that could be made or obtained using the same required resources.
Researchers in political economy have viewed the trade-off between military and consumer spending as a useful predictor of election success. [1] In this example, a nation has to choose between two options when spending its finite resources. It may buy either guns (invest in defense/military) or butter (invest in production of goods), or a ...
World map of alliances in 1970 The 1975 Apollo-Soyuz space rendez-vous, one of the attempts at cooperation between the US and the USSR during the détenteThe Cold War (1962–1979) refers to the phase within the Cold War that spanned the period between the aftermath of the Cuban Missile Crisis in late October 1962, through the détente period beginning in 1969, to the end of détente in the ...
In The Observer of 10 March 1946, Orwell wrote, "after the Moscow conference last December, Russia began to make a 'cold war' on Britain and the British Empire." [ 2 ] The first use of the term to describe the specific post-war geopolitical confrontation between the Soviet Union and the United States came in a speech by Bernard Baruch , an ...
The Congo Crisis in 1960 drew Cold War battle lines in Africa, as the Democratic Republic of the Congo became a Soviet ally, causing concern in the West. [3] However, by the early 1960s, the Cold War reached its most dangerous point with the Cuban Missile Crisis in 1962, as the world stood on the brink of nuclear war.
The recalled medicine is Kirkland Signature brand's "Severe Cold and Flu Plus Congestion" medication, sold between Oct. 30 and Nov. 30, 2024. The recalled items have a Lot Code of P140082 on the box.
Cold War participants – the Cold War primarily consisted of competition between the Eastern Bloc and the Western Bloc.While countries and organizations explicitly aligned to one or the other are listed below, this does not include those involved in specific Cold War events, such as North Korea, South Korea, and Vietnam.
In addition to the immediate losses the industry would face in a trade war, the costs of the disruptions probably would be lasting, Steinbach said, as foreign competitors take a larger market ...