Examlex
More than goods and services are moving across borders: as technology enables ideas and lifestyles to be observed by a variety of people around, cultures are undergoing modification, Hofstede's dimensions of culture were based on surveys of IBM employees from 1968-1972. Much has changed in the past forty years. Nevertheless, his dimensions do provide a starting point for better understanding and relating to people from around the world. Give some examples of people you have known who have come to this country from a somewhat different culture. To what extent have they retained their cultural identity versus undergone cultural change? Have these changes created any problems for them?
Social Optimum
The most efficient allocation of resources in a society, achieving the best outcomes for social welfare.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used by anyone without preventing others from using them as well.
Voluntary Contributions
Donations or services provided by individuals or organizations willingly without any legal or social obligation.
Public Radio
Radio stations that are funded by public sources, such as government grants and listener donations, rather than commercial advertising.
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