Some Americans Have Begun Avoiding Products Produced in China, Because

question 107

Multiple Choice

Some Americans have begun avoiding products produced in China, because they consider them cheaply made and sometimes even dangerous. Instead, they purchase items made in the United States to support domestic companies. This is a case of:

• A) the convergence hypothesis
• B) consumer nationalism
• C) local consumption culture
• D) folk culture renaissance

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Definitions:

Income

The financial gain received, often measured on a regular basis, through work, investments, or business ventures.

Number of Sellers

Refers to the quantity of providers or suppliers available in the market offering a similar product or service.

Market Quantity Supplied

The total amount of a particular good or service that sellers are willing and able to sell at a given price in a specific period.

Supply Curve

A graphical representation showing how the quantity of a good supplied by producers changes in response to different prices.