SCitizens Pay $5 Billion More Annually for Shoes and Japanese

question 346

Multiple Choice

S.citizens pay $5 billion more annually for shoes and Japanese citizens pay $6 billion more for rice than the actual cost of the products because

• A)both countries have suffered major financial crises due a severe trade imbalance.
• B)both countries have imposed tariffs on imported goods to protect their domestic markets.
• C)both countries have imposed limits on the quantity of these goods that can leave their respective domestic markets.
• D)both products are considered essentials and as a result are more heavily taxed.
• E)these products were purchased at a lower price from nations that currently are under governmental sanctions.

---

Definitions:

Social Change

The transformation over time in the societal structures and cultural patterns through collective action or policies.

Revolutionary

Pertaining to or involved in bringing about a radical change in society or an existing system, often through dramatic means.

Reformist

An advocate for gradual and systematic changes within a system to improve it, without overturning the entire system.

Convergence Theory

The hypothesis that as societies develop, they begin to converge, or become more similar, in terms of social, economic, and technological aspects.