One Reason Why Many U

question 263

Multiple Choice

One reason why many U.S. small businesses are not involved in exporting is

• A) there is a limited market for their products.
• B) the government's new homeland security programs limit opportunities for small businesses.
• C) many of these firms do not know how to get started.
• D) U.S. products are perceived as inferior.

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Definitions:

Private-Values Auction

A type of auction in which each bidder knows their own valuation of the item for sale, but this valuation is private and may differ from that of other bidders.

English Auction

A type of auction where bidders openly bid against one another, and the item is sold to the highest bidder.

Examine

To inspect or scrutinize carefully.

Vickrey Auction

A type of sealed-bid auction where the highest bidder wins but pays the price bid by the second-highest bidder.