______________ Refers to the Wide Range of Cultural Differences Found

question 89

Multiple Choice

______________ refers to the wide range of cultural differences found between and within nations.It may be the result of natural circumstances (such as climate and geography) or social circumstances (such as level of technology and composition of the population) .

• A)Cultural relativism
• B)Cultural diversity
• C)Cultural diffusion
• D)Cultural transformation

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Definitions:

Elasticities

Measures of how much the quantity demanded or supplied of a good responds to changes in price, income, or other factors.

Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price.

Change in Price

The variation in the price level of goods or services over a period of time.