Why Is the United States Both an Exporter and Importer

question 33

Multiple Choice

Why is the United States both an exporter and importer of such products as vehicles and passenger aircraft?

• A)Buyers procure similar products for replacement parts.
• B)Transportation costs and cultural differences limit exporters.
• C)Companies differentiate products to appeal to different consumers.
• D)Bilateral trading agreements require this interchange for a number of products.

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Definitions:

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting beliefs, ideas, or values at the same time.

Assigned Roles

The social positions or responsibilities designated to individuals by society or in specific contexts, such as jobs or family.

Enduring Personality Trait

A consistent, long-term characteristic or quality that distinguishes an individual's behavior in various situations.

Hostile Motives

The underlying intentions or desires that drive aggressive or antagonistic behaviors towards others.