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 engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f
John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
A point-type ignition system showing the distributor cam which opens the points
The left-hand rule states that if a coil is grasped with the left hand, the fingers will point in ...
Art and culture
Point Mutations