As a Result of the Government Procurement Policy in the U.S

question 97

Multiple Choice

As a result of the government procurement policy in the U.S.:

• A)the domestic consumers are required to pay a higher price than the government for the domestically produced goods.
• B)the government wields the sole authority of importing goods from abroad.
• C)the government wields the sole authority of exporting goods.
• D)the government is required to buy the domestic goods if the domestic price is less than the world price.
• E)the government is required to sponsor research and development for the domestic firms.

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Definitions:

Quality Standards

Agreed-upon specifications set by regulatory agencies or by the industry to ensure products and services meet specific requirements and are reliable and safe.