In the Context of the Values in Transition,the Stateside Japanese

question 62

True/False

In the context of the values in transition,the stateside Japanese managers,Japanese managers working for Japanese firms in the United States,believed that unconditional tenure in one organization was of major importance.

---

Definitions:

Long-Run Equilibrium

A state in which all factors of production and outputs in an economy are fully adjusted to any changes in demand and supply, resulting in economic stability.

Perfect Competition

A market structure characterized by many buyers and sellers, identical products, and no barriers to entry or exit.

Zero Economic Profits

A situation in perfect competition where firms earn just enough revenue to cover all their costs, including opportunity costs, indicating no supernormal profit above the normal rate of return.

Long-Run Equilibriums

A state in which all factors of production and market forces are balanced and economic variables are not expected to change.