A Main Reason Why the U

question 49

Multiple Choice

A main reason why the U.S.trade deficit grew so large from 1997 to 2000 was that

• A)Congress removed all tariffs and trade restrictions on imports.
• B)NAFTA was introduced and Mexican exports flooded the United States.
• C)the international value of the dollar fell during the 1990s, which encouraged U.S.exports.
• D)the international value of the dollar rose in the last half of the 1990s, which encouraged U.S.imports and damaged U.S.exports.

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Definitions:

Global Development

The process of improving the economic, political, and social well-being of people worldwide, often focusing on reducing global inequalities.

Service Branding

The process of creating a unique identity and image for a service, differentiating it from competitors and embedding it in the minds of consumers.

Ethnocentricity

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a dismissive or derogatory view towards other cultures.

Reverse Marketing

A strategy where the consumers' needs drive the marketing process, and companies aim to satisfy those needs rather than pushing products.