USCitizens Pay $5 Billion More Annually for Shoes and Japanese

question 78

Multiple Choice

U.S.citizens pay $5 billion more annually for shoes and Japanese citizens pay $6 billion more for rice than the actual cost of the products because

• A)both countries have suffered major financial crises due a severe trade imbalance.
• B)both countries have imposed tariffs on imported goods to protect their domestic markets.
• C)both countries have imposed limits on the quantity of these goods that can leave their respective domestic markets.
• D)both products are considered essentials and as a result are more heavily taxed.
• E)these products were purchased at a lower price from nations that currently are under governmental sanctions.

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Definitions:

Cross-functional Teams

Teams composed of members from various departments and specialties working together towards a common goal.

Conflicting Loyalties

A situation in which an individual or group faces competing allegiances or commitments, potentially hindering decision-making or performance.

Functional Turf

The specific areas or domains within an organization where particular groups have control or specialized tasks.

Typology

A classification system based on types or categories, often used for understanding various phenomena or entities.