When a Company Breaks the World into Three Classes of Economic

question 2

Multiple Choice

When a company breaks the world into three classes of economic conditions, it does so because

• A) tastes and preferences tend to be similar within economic classes.
• B) cultures in newly industrialized countries are often easier to understand.
• C) values tend to be similar within economic classes.
• D) it helps define the economic capabilities of consumers.

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Definitions:

English Civil War

A series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") in England in the mid-17th century, culminating in the trial and execution of King Charles I.

Atlantic

The second-largest ocean on Earth, separating the Americas from Europe and Africa.

Huron

A confederation of Native American tribes originally located in the Great Lakes region, known for their agricultural society and involvement in the fur trade.

Iroquois

A historically powerful northeast Native American confederacy known for forming the Iroquois League, which brought together several tribes for strength and diplomacy.