A Potential Danger of Applying ____________Is That Taken to Its

question 92

Multiple Choice

A potential danger of applying ____________is that taken to its extreme it may be used to justify practices that violate human rights.

• A) positive ethnocentrism
• B) objectivism
• C) cultural relativism
• D) cultural diffusion

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, representing the value of all goods and services produced over a specific time period at constant prices.

Depreciation

The gradual reduction in the economic value of the physical assets of a company due to wear and tear over time, or the loss in value of a currency.

NDP

Net Domestic Product; it calculates the total value of all goods and services produced within a country in a specific period minus depreciation.

Intermediate Product

Goods that are used in the production process to make other goods, rather than being bought by consumers.