When Automobile Manufacturers Introduced SUVs, They Distributed and Promoted Them

question 113

Multiple Choice

When automobile manufacturers introduced SUVs, they distributed and promoted them in the United States, but not in Europe where gasoline is heavily taxed and roads are much smaller. Car manufacturers recognized that this new line of cars

• A)provided equivalent relative advantage for both European and U.S. customers.
• B)were not compatible with European market conditions.
• C)did not provide benefits that were observable.
• D)involved technology that was too complex.
• E)could not be easily tried by consumers.

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Definitions:

Command Economy

An economic system where the government makes all decisions on the production and consumption of goods and services.

Command Economy

An economic system where the government or a central authority makes all decisions regarding the production and distribution of goods and services.

Venezuela's Economy

The economic system of Venezuela, characterized by its heavy reliance on oil exports and recent experiences of hyperinflation and social upheaval.

Bolivarian Socialism

A political and economic ideology based on the visions of South American liberator Simón Bolívar, focusing on the redistribution of wealth, land reform, and nationalization of key industries.