The Idea of Culture Is Discussed Throughout the First Chapter

question 16

Multiple Choice

The idea of culture is discussed throughout the first chapter. Which of the following is not true about culture?

• A) Culture always affects us
• B) Culture only matters during holidays
• C) Culture affects what we see and how we behave
• D) Culture can seem invisible until we bump up against a different culture

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Definitions:

Demand

The desire and ability of consumers to purchase goods or services at a given price.

Unemployment

The state of being without a job despite actively looking for work, used as an indicator of the health of the economy.

Saving Equals Investment

A macroeconomic identity where all saved money within the economy is assumed to equal all invested money, indicating a balance in the financial system.

Aggregate Demand

The total demand for all goods and services in an economy at a given time and price level.