Table 20-10 -Refer to Table 20-10. Suppose an Economy Has Only Three

question 228

Multiple Choice

Table 20-10

-Refer to Table 20-10. Suppose an economy has only three goods and the typical family purchases the amounts given in the table above. If 2013 is the base year, then what is the CPI for 2018?

• A) 14.3
• B) 87.5
• C) 114.3
• D) 160

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Definitions:

Uncertainty Avoidance

A cultural dimension that describes the extent to which people in a society are uncomfortable with ambiguity, risk, and uncertainty in their daily lives.

Hofstede's Dimensions

A framework for cross-cultural communication, which describes the effects of a society's culture on the values of its members, and how these values relate to behavior.

United States

A country in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Socialization

The process through which an organization communicates its values to new employees.