A System of Values, Beliefs, and Attitudes That Shape and Influence

question 13

Multiple Choice

A system of values, beliefs, and attitudes that shape and influence behavior is called a(n) _____. ​

• A)model
• B)vernacular
• C)place
• D)location
• E)culture

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Definitions:

Producer Surplus

The difference between what producers are willing to sell a good for and the price they actually receive.

Trade

The trade of goods, services, or both among two or more entities, either within a single economy or across different ones.

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or between countries.