BBB4M - Unit 2

Question 1

a movement in which people adopted values that ran counter to the mainstream culture

Accepted Answer

counterculture

Question 2

The knowledge, experience, beliefs, values, attitudes, religion, symbols, and possessions acquired by people over time

Accepted Answer

culture

Question 3

Our globalized world demands cross-cultural expertise.

Accepted Answer

True

Question 4

A country that is predominately agriculture or resource based, lacks social services and has poor infrastructure

Accepted Answer

least developed

Question 5

_______________________ are experts in their area and work with politicians to help influence public policy and c

Accepted Answer

lobbyists

Question 6

Emerging country that is involved in global trade, is growing quickly and provides opportunities and threats to Canada

Accepted Answer

developing

Question 7

The four phases in the business cycle

Accepted Answer

Recession, Trough, Explansion, Peak

Question 8

A delegation of government and business representatives visiting another country in order to promote business opp

Accepted Answer

trade mission

Question 9

The _______________________ is the cost of giving something up to get something else.

Accepted Answer

opportunity cost

Question 10

Economic and political systems are not closely linked

Accepted Answer

False

Question 11

Most people are members of more than one subculture.

Accepted Answer

True

Question 12

Economic indicators that predict where the economy is headed are called

Accepted Answer

leading

Question 13

A country’s cultural determinants, the things that shape its culture, include:

Accepted Answer

all of the above

Question 14

_______________________ provide services for Canadians travelling, studying, living, and working abroad.

Accepted Answer

all of the above

Question 15

Comparative advantage is the foundation for specialization and trade

Accepted Answer

True

Question 16

The type of government by which a country is run.

Accepted Answer

political system

Question 17

Which phase of the Business Cycle includes the economy slowing down?

Accepted Answer

recession

Question 18

In this type of economy, consumers have few choices and the government controls all elements of the economy

Accepted Answer

centrally planned

Question 19

Which of the following is NOT one of the dimensions from Hofstede's study of values?

Accepted Answer

Cultural orientation

Question 20

Where the leaders are elected by a majority of the people in the country in a vote.

Accepted Answer

Democracy

Questions 20