According to the Text,the Practice of Judging a Society by Its

question 41

Multiple Choice

According to the text,the practice of judging a society by its own standards is called:

• A) multiculturalism
• B) ethnocentrism
• C) cultural relativism
• D) assimilation

Describe the conditions for full employment and how they relate to the production possibilities frontier.

Recognize the factors that can cause shifts in or movements along the production possibilities frontier.

Understand the role and characteristics of entrepreneurship in economic success.

Identify the causes and implications of operating inside or outside the production possibilities frontier.