One Reason for Japan's Shift in Values Away from Collectivism

question 51

Multiple Choice

One reason for Japan's shift in values away from collectivism and toward individualism may be that

• A) richer societies exhibit less need for social and material support structures built on collectives.
• B) individualism is a more important trait in a global society.
• C) richer societies exhibit more need for social and material support structures built on collectives.
• D) increased urbanization and improvements in the quality and availability of education are both a function of economic progress.

Identify the characteristics and evolution of economic systems in the late 19th century.

Recognize key innovations and their impacts on industrial development.

Learn about significant companies and legal cases that shaped the American industrial landscape.

Understand the theory of Social Darwinism and its influence.

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Definitions:

Money

A medium of exchange that facilitates the sale, purchase, or trade of goods between parties.

Money

A medium of exchange that is widely accepted in transactions for goods and services and repayment of debts.

Wealth

The total value of all financial assets and physical possessions owned by an individual or entity, minus any debts.

Required Reserve Ratio

The percentage of deposits that banks are mandated to keep on hand and not lend out, as regulated by central banking authorities.