A Number of Explanations Have Been Offered for the Low

question 89

Multiple Choice

A number of explanations have been offered for the low level of U.S.exports relative to other countries.All of the following can be considered as reasons for low level of exports except:

• A)limited ambition by many American business owners.
• B)lack of knowledge of market opportunities abroad.
• C)perceived lack of necessary resources.
• D)marketing to home-country users is easier than exporting.
• E)a strong U.S.dollar translates into less affordable prices in export markets.

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Definitions:

Government

The organizational structure through which a society makes and enforces its public policies and exercises authority over its citizens.

Pencils

Writing or drawing instruments with a thin core of graphite or a similar substance encased in a protective casing.

Nonprice Rationing

Allocating goods or services using means other than prices, such as waiting times or ration coupons, often used when there is a shortage or when market prices are not effective.

Queuing

The process of lining up or waiting in a line, often analyzed in operations to improve service efficiency.