A Nation's __________ Includes the Shared Knowledge, Beliefs and Values

question 74

Multiple Choice

A nation's __________ includes the shared knowledge, beliefs and values, as well as the common modes of behavior and ways of thinking, among members of a society.

• A) power distance
• B) culture
• C) masculinity
• D) individualism
• E) uncertainty avoidance

---

Definitions:

Loan Period

The duration of time from the initiation of a loan to its final due date, within which the borrower is expected to repay the borrowed amount along with interest.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.

Economic Resource

Assets, materials, or inputs used to produce goods and services and satisfy human wants, including land, labor, capital, and entrepreneurship.

Capital

Man-made physical objects (factories, roads) and intangible ideas (the recipe for cement) that do not directly satisfy human wants but which help to produce goods and services that do satisfy human wants; also called capital goods. One of the four economic resources.