According to the Text, Which Method Did Mercedes-Benz Use to Discourage

question 75

Multiple Choice

According to the text, which method did Mercedes-Benz use to discourage parallel imports?

• A)Mercedes charged the same retail price worldwide.
• B)Mercedes informed consumers about he perils of buying parallel imports.
• C)Mercedes took the parallel importers to court.
• D)Mercedes complicated the repair and servicing process of the gray market automobiles.

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Definitions:

Friedman

Refers to Milton Friedman, a prominent economist known for his work on monetarism, advocating for free markets and a limited role of government in the economy.

Money Supply

The total volume of money available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.

Nominal Variable

Refers to a variable measured in monetary terms but not adjusted for inflation, reflecting current prices.

Real Variable

A variable, such as income or output, that has been adjusted for inflation, reflecting true purchasing power.