People Who Have Low Uncertainty Avoidance Prefer

question 55

Multiple Choice

People who have low uncertainty avoidance prefer:

• A)to take on risks.
• B)to steer clear of conflict and competition.
• C)to exhibit less aggressiveness.
• D)stability and the known.
• E)very clear instructions.

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Definitions:

Economy as a Whole

A broad view of all the economic activities and transactions in a country or region, encompassing consumer, business, and government spending, investments, and trade balance.

Scarcity Problem

A situation where unlimited wants exceed the limited resources available to fulfill those wants, necessitating prioritization and decision-making.

Economic Wants

Desires for goods and services that individuals and businesses are willing to pay for, which drive economic activity and resource allocation.

Productive Resources

The inputs used in the production of goods and services, including natural resources, human resources, and capital goods.