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Culture Is Defined as a Program of Shared _______________ That

question 141

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Culture is defined as a program of shared _______________ that govern the behavior of people in a society as well as a set of shared values and beliefs.


Definitions:

Specialize

Concentrating on and becoming expert in a particular subject or skill.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, enabling more efficient trade.

Production Possibilities Line

A curve depicting all maximum output possibilities for two goods, given a set of inputs.

Trading Possibilities Line

A graphical representation showing the combinations of goods that a country can produce or trade given the resource constraints and technology.

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