Why are people’s values not converging when countries are converging with respect to national income? (max 400 characters)
What will be an ideal response?
With increased wealth, values become manifest and value differences more pronounced. When people have everything to lead a comfortable life and more than that, they have more money to spend on the things with which they can express their identity and values.
You might also like to view...
________ is the key to effective variance analysis and involves taking action only when actual and planned results differ significantly
a. Management by goal b. Management by walking around c. Management by objective d. Management by exception
When the House and Senate versions of a tax bill are not in agreement, the disagreements are resolved by the
A) Ways and Means Committee. B) Mediation Committee. C) Revenue Committee. D) Conference Committee.
Maslow suggests that each level of the hierarchy of needs is not necessarily a prerequisite for the levels above
a. True b. False Indicate whether the statement is true or false
Decreasing taxes can stimulate the economy by ________
A) allowing consumers more money to spend B) decreasing the amount of money the government is able to spend C) directly influencing the consumer price index D) controlling the money supply E) helping to contain an economy that is growing too quickly