Because 'Culture' Becomes So Routine and Automatic Once Internalized

question 62

Multiple Choice

Because 'culture' becomes so routine and automatic once internalized:

• A) members of a given culture are ethnocentric (at least initially).
• B) relativism is not really possible.
• C) people never judge others' cultures by their own standards.
• D) it is easy to forget the cultural practices you grew up with.
• E) ethnocentrism is impossible.

Understand the effects of price expectations on consumer behavior and market dynamics.

Grasp the concept of supply and demand and how market equilibrium is affected by shifts in these curves.

Identify and differentiate between complements and substitutes in production and consumption.

Analyze the impact of technological changes and input prices on supply and market equilibrium.

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Definitions:

Proportional

Proportional describes a relationship or ratio that maintains the same relative size or aspect between items or variables.

Regressive

Refers to a tax system in which the tax rate decreases as the taxable amount increases, often placing a heavier burden on low-income earners.

Progressive

A political and social philosophy advocating for reforms that aim to reduce inequality, improve social justice, and enhance welfare.

Marginal Tax Rate

The rate of tax applied to the last dollar of income, showing the percentage of tax paid on any additional dollar earned.