Answer to Question 1
The nation, as opposed to the State, provides a workable definition of a culture for international business because basic similarity among people is both a cause and an effect of national boundaries. The laws governing business operations also apply primarily along national lines. Within the bounds of a nation are people who largely share essential attributes, such as values, language, and race. However, these shared attributes do not mean that everyone in a country is alike, nor do they suggest that each country is unique in all respects.
Answer to Question 2
Under a fixed exchange rate system the price of a given currency does not change relative to each other currency. The gold standard created a fixed exchange rate system because each country tied, or pegged, the value of its currency to gold. In a flexible exchange rate system, exchange rates are determined by the forces of supply and demand.
This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and
A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ...
The energy set-point view that is the basis of many people’s thinking about hunger and eating.
Dietary Reference Intakes
Art and culture
A spherical water tank with an inner radius of 4 m has its lowest point 3 m ...