Chapter 5 Lists Seven Categories of Cultural Variables That Lie

question 11

Short Answer

Chapter 5 lists seven categories of cultural variables that lie "on the surface." Two of these categories of variables are political and economic. Name two more.

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Definitions:

Capital Intensity

The amount of fixed or real capital present in relation to other factors of production, especially labor.

Heckscher-Ohlin Theory

An economic theory that proposes countries will export products that use their abundant and cheap factor(s) of production and import products that use the country's scarce factor(s).

Overlapping Demand

A situation in which consumers with various preferences and needs cause markets for different products or services to intersect.

Iron Ore

A naturally occurring mineral from which iron (Fe) is extracted for industrial use.