Figure 17-13 -In Figure 17-13, If the World Price of a Baseball

question 131

Multiple Choice

Figure 17-13
-In Figure 17-13, if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, how many baseballs will the United States import?

• A) 4,000
• B) 6,000
• C) 8,000
• D) 10,000
• E) 12,000

---

Definitions:

Uncertainty Avoidance

The degree to which people are able to deal with the unexpected and how they cope with uncertainty in unstructured environments.

Power Distance

The extent to which people in different societies accept the way power is distributed.

Hofstede's Dimensions

A framework for understanding and comparing national cultures across six dimensions: power distance, individualism vs. collectivism, masculinity vs. femininity, uncertainty avoidance, long-term orientation, and indulgence vs. restraint.

Fragmented Culture

A situation in which a workplace or community is divided into separate and often conflicting groups with differing values or beliefs.