Which Type of Consumer Generally Exhibits a Tendency to Avoid

question 10

Multiple Choice

Which type of consumer generally exhibits a tendency to avoid purchasing foreign-produced products?

• A) Risk averse
• B) Ethnocentric
• C) Egocentric
• D) Nationalist
• E) Patriotic

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Definitions:

Active Approach

A strategy, especially in investing or management, where decisions are made based on hands-on involvement and regular assessment of conditions.

SRAS Curve

Short-Run Aggregate Supply Curve represents the relationship between the total supply of goods and services produced by a country and the price level in the short term, holding wages and input prices constant.

Active Approach

A strategy involving regular and direct intervention or actions to achieve a particular goal or outcome.

Recessionary Gap

A situation where the real GDP is lower than the potential GDP, indicating underutilized resources in an economy.