Devoting More of a Country's Resources for Producing Consumer Goods

question 47

Multiple Choice

Devoting more of a country's resources for producing consumer goods means

• A)economy is using it resources for future production.
• B)fewer resources to producing investment goods.
• C)country will grow more rapidly in the future.
• D)productivity of the invested capital is extremely high.

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Definitions:

Local Culture

The collection of customs, beliefs, art, and way of life that is specific to a geographical area, community, or group, distinct from global or dominant cultures.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, largely driven by international trade and investment, aided by information technology.

Anthony Giddens

A contemporary British sociologist renowned for his theory of structuration and his holistic view of modern societies, including the influences of globalization and identity.

Culture Jamming

Attempts to use the advertisements and billboards of large, multinational corporations against the corporations themselves by reworking their meanings; in other words, semiotic jujitsu.