If the Government Imposes Price Controls and Prevents Prices from Adjusting

question 75

Multiple Choice

If the government imposes price controls and prevents prices from adjusting naturally to supply and demand,​

• A)​it equates the amount buyers are willing and able to buy with the amount sellers are willing and able to supply.
• B)​it adversely affects the allocation of resources.
• C)​it improves both equality and efficiency.
• D)​it improves efficiency.

Identify and categorize the dimensions of cross-cultural competencies necessary for international employee adjustment.

Recognize the importance of expatriate training for global competence and the types of training effective in this context.

Differentiate between parent-country nationals and subsidiary-country nationals in the context of international business.

Understand the strategies organizations adopt, such as global, multidomestic, and multinational, in entering and operating in foreign markets.

---

Definitions:

Extreme Child Poverty

A severe condition where children live in households with income far below the poverty threshold, lacking basic needs for healthy development.

Federal Poverty Level

a measure issued annually by the Department of Health and Human Services used to determine eligibility for various federal programs and benefits.

Incomes

The money received by an individual or organization, typically on a regular basis, for work, through investments, or from benefits.

Cultural Backgrounds

The cultural experiences, practices, languages, values, and worldviews that shape an individual's identity and perceptions, influenced by the society and community they are raised in.