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Which of the following is the most likely cause of most recessions according to the new classical model?
Power Distance
A cultural dimension that describes the extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.
Collectivism
A cultural value that emphasizes the importance of groups and community over individual action.
Cross-cultural Research
The study of the similarities and differences among cultures, often aimed at understanding and improving interactions between individuals from diverse backgrounds.
Cultural Response Biases
Tendencies for people from different cultures to respond differently to surveys or questions, often due to cultural norms or perceptions.
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