Which of the Following Is True About the Influence of Economic

question 56

Multiple Choice

Which of the following is true about the influence of economic systems on human resource practices in international markets?

• A) Socialist economic systems provide ample opportunities for educational development.
• B) In developed countries with great wealth, labor costs are relatively low.
• C) In capitalist economic systems, education is free for students.
• D) Capitalism may not provide economic rewards for increasing one's education.
• E) In socialist systems, students bear more of the cost of their education.

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Definitions:

Fixation

An obsessive focus or attachment to someone or something that can result from unresolved developmental conflicts.

Framing Effect

A cognitive bias where people decide on options based on whether they are presented in a positive or negative way.

Ground Beef

Minced or finely chopped beef used in various dishes, such as burgers, meatballs, and tacos.

Confirmation Bias

The tendency to search for, interpret, and remember information in a way that confirms one’s preconceptions, leading to statistical errors.