The Continuing Persistence of ________ Differences Between Nations Acts as a Major

question 62

Multiple Choice

The continuing persistence of ________ differences between nations acts as a major brake on any trend toward global consumer tastes and preferences.

• A) technological and industrial
• B) institutional and political
• C) cultural and economic
• D) GNP level and growth rate

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Definitions:

Confederation

A union of sovereign groups or states, united for purposes of common action often in relation to other states but with retained sovereignty.

Institutional Law

Laws and legal principles concerning the functioning and structure of organizations or institutions.

Order

In a parliamentary or legislative context, order refers to the rules and procedures according to which business is conducted and debates are structured.

Sales Tax

A tax imposed on sales of goods and services, usually calculated as a percentage of the price paid by the consumer.