The "Buy American" Provision in the 2009 Stimulus Package Required

question 26

Multiple Choice

The "Buy American" provision in the 2009 stimulus package required that stimulus money be spent only on U.S.-made goods,effectively acting as a quota of zero imports when stimulus money was being spent.The "Buy American" provision would ________ consumer surplus and ________ producer surplus for industries that produced protected products in the United States.

• A)increase; increase
• B)increase; decrease
• C)decrease; increase
• D)decrease; decrease

---

Definitions:

Selling

The process of persuading someone to buy a product or service.

Marketing Concept

A business philosophy that focuses on identifying and meeting the needs and wants of customers to achieve the organization's goals.

Sales Orientation

A marketing strategy in which personal selling and advertising are used to persuade consumers to buy new products and more of existing products.

Dominant Strategy

A strategy that is best for a player in a game regardless of the strategies chosen by the other players.