Which of the Following Choices Describes the Cultural Personality of the United

question 35

Multiple Choice

Which of the following choices describes the cultural personality of the United States, according to Hofstede's dimensions of cultural personality?

• A) individualistic
• B) high in power distance
• C) low in individualism
• D) high in uncertainty avoidance

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Definitions:

Dry-Cleaning Market

The sector of the economy that provides services of cleaning clothes and textiles using a chemical solvent rather than water.

Monopolistically Competitive

Describes a market structure in which many firms sell products that are similar but not identical, allowing for some degree of market power.

Economic Profits

A rephrased definition: The surplus achieved by a firm after accounting for both the operating expenses and the opportunity costs of all resources employed.

Monopolistically Competitive

A market structure featuring many firms selling products that are similar but not identical, allowing for some degree of market power and price setting.