With increased economic progress, cultures across the world seem to be moving toward some universally accepted values and norms. This is known as the

a. ethnocentrism hypothesis.
b. class consciousness hypothesis.
c. power distance hypothesis.
d. dynamism hypothesis.
e. convergence hypothesis.

Kayla and jada are roommates in new york city. both kayla and jada recently received pay raises. kayla now buys more movie tickets than before, but jada buys fewer. kayla behaves as if movie tickets are goods and jada's income elasticity of demand for movie tickets is

Compare the sources of consumer credit 1. consumers use a prearranged loan using special checks 2. consumers use cards with no interest and non -revolving balances 3. consumers pay off debt and credit is automatically renewed 4. consumers take out a loan with a repayment date and have a specific purpose a. travel and entertainment credit b. revolving check credit c. closed-end credit d. revolving credit

Sports leave thousands of college athletes with little time for their studies. this is an example of