Jeannette Remarked to Her Friend After Returning from Studying in Korea

question 31

Multiple Choice

Jeannette remarked to her friend after returning from studying in Korea, "I wonder why American's health care system is so complicated and so expensive? In Korea I could drop into a small hospital (they were on almost every corner) see a doctor and pay $7." Jeannette is experiencing

• A)cultural shock.
• B)re-entry shock.
• C)cultural relativism.
• D)internalization.

---

Definitions:

Curves

In various contexts, it refers to graphical representations that show a relationship between two or more variables or factors.

L-shaped Isoquant

A graphical representation in production theory showing combinations of input factors that yield the same output, where the shape indicates perfect substitutability between inputs up to a point, followed by no substitutability.

Perfect Substitutes

Goods or services that can be used in exact place of each other with no loss of utility to the consumer, often characterized by a constant marginal rate of substitution.

Production

The process of creating goods or services by combining various inputs like labor, raw materials, and machinery.