Countries with Low-Context Cultures Include

question 3

Multiple Choice

Countries with low-context cultures include:

• A) Scandinavia.
• B) China.
• C) Switzerland.
• D) Spain.

---

Definitions:

GATT

The General Agreement on Tariffs and Trade, an international treaty that aimed to reduce tariffs and other trade barriers; precursor to the World Trade Organization.

Economists

Experts in the study of economics, focusing on the distribution, consumption, and production of goods and services.

Net Exports

The value of a country's total exports minus its total imports; a positive value indicates a trade surplus, while a negative value indicates a trade deficit.

Gross Savings

The total amount of savings generated within an economy, including personal, business, and government savings, before accounting for depreciation.