An economy in which the interaction of supply and demand determines the quantity in which goods and services are produced is called a _____.
A. planned economy
B. command economy
C. closed economy
D. market economy
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A _____ system is based on a very detailed set of laws organized into codes.
A. traditional law
B. theocratic law
C. civil law
D. common law
Which of the following is true regarding culture?
A. Culture is not static.
B. Culture does not vary across andwithin nations.
Culture is a system of valuesand norms that are kept between each individual.
D. Culture involves the knowledgeand beliefs of one individual.
The protection of the right to private property is embedded within _____.
A. Islam
B. Christianity
C. Hinduism
D. Protestantism
The connection between _____ and _____ has important implications for the choice of countries in which to locate production facilities and do business.
A. culture; competitive advantage
B. moral principles; values
C. class system; society
D. values; norms