Which of the Following Is True

question 171

Multiple Choice

Which of the following is true?

• A) Specialization and trade leads to mutual gains for countries.
• B) Protectionism (i.e., policies that limit trade in certain goods) promotes both economic prosperity and greater employment.
• C) Countries that have a lot of resources, like the United States, are always hurt by trade.
• D) Countries will have a higher standard of living when they produce as many goods as possible domestically.

---

Definitions:

Low-context Culture

A communication style where messages are explicit, and understanding is based primarily on verbal communication rather than contextual or non-verbal cues.

Power Distance

A cultural dimension that describes the extent to which less powerful members within a society accept and expect power to be distributed unequally.

Cultural Differences

The variations in the practices, values, and beliefs among different groups of people.

Not-invented-here Syndrome

A mindset or culture within an organization where innovations or solutions that originated externally are rejected or not adopted.