Because English Is the Common Language of Business, Experts Believe

question 101

True/False

Because English is the common language of business, experts believe that managers from English-speaking nations do not need to learn foreign languages.

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Definitions:

Rent Controls

Government-imposed limitations on the amount landlords can charge for leasing a property.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity supplied.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Price Ceiling

A legal maximum price that can be charged for a good or service, beyond which it cannot be sold.