Figure 2-8 -Points A, B, and C in Figure 2-8 Indicate Consumption

question 190

Multiple Choice

Figure 2-8
-Points A, B, and C in Figure 2-8 indicate consumption and investment for three economies. Other things constant, which of the economies is likely to grow more rapidly in the future?

• A) economy A
• B) economy B
• C) economy C
• D) They would all be expected to grow at the same rate.

---

Definitions:

Universalism Versus Particularism

A cultural dimension that describes the extent to which a society prefers clear rules and standards (universalism) over the flexibility to adapt norms and rules to special circumstances (particularism).

Flexibility

The ability of an organization or individual to adapt to changes, challenges, or uncertainties quickly and efficiently.

Rules

Are established guidelines or principles governing behavior or operations, designed to control or govern conduct within various environments.

Sequential View

An approach or process that is carried out in a specific, orderly sequence over time.