The Major Factors That Have Shaped Cultural Tastes Throughout the World

question 61

Multiple Choice

The major factors that have shaped cultural tastes throughout the world, easing the entry of small businesses into international markets are all of the following except

• A) television programs
• B) billboards
• C) movies
• D) print media

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Definitions:

Productive Capacity

The maximum output that an economy can achieve when using its resources fully and efficiently.

Standard of Living

The degree of wealth and material comfort available to a person or community.

Aggregate Expenditures

are the total amount of spending on goods and services in an economy at a given level of income during a specified period.

Recession

A phase of short-term economic downturn characterized by decreased trading and industrial output, generally recognized by a drop in Gross Domestic Product across two consecutive quarters.