You Are Shopping with a Good Friend

question 44

Multiple Choice

You are shopping with a good friend. While looking at a jacket, she comments that she never buys clothes produced in Vietnam because the use of cheap overseas labor is harmful to U.S. textile workers. This type of belief is known as

• A)cultural fit.
• B)international protectionism.
• C)consumer ethnocentrism.
• D)xenophobia.
• E)sociocultural bias.

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Definitions:

Woodrow Wilson

The 28th President of the United States (1913-1921), known for his leadership during World War I and his advocacy for the League of Nations.

Theodore Roosevelt

The 26th President of the United States (1901–1909) known for his vigorous foreign policy, conservation efforts, and progressive policies.

Economic Concentration

Economic concentration refers to a condition in an industry or market where a small number of companies or entities hold a large share of the market, leading to reduced competition and potentially higher prices for consumers.

Theodore Roosevelt

The 26th president of the United States, notable for his exuberant personality, range of interests and achievements, and his leadership of the Progressive Movement.