A Belief by Residents of a Country That It Is

question 143

Short Answer

A belief by residents of a country that it is inappropriate or immoral to purchase foreign-made goods and services is known as consumer _______.

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Definitions:

Omission Bias

The tendency to judge harmful actions as worse, or less moral, than equally harmful inactions (omissions).

Status Quo Bias

The tendency for individuals to prefer for things to stay the same by doing nothing or by sticking with a decision made previously.

Default Option

A pre-selected choice among a set of options that will be applied if no alternative is specified by the decision-maker.

Action

The act of doing something or taking steps towards achieving an outcome.