Why Did the U

question 103

Multiple Choice

Why did the U.S. price of imports of compact trucks (like the Toyota Tacoma) not increase by 25% when the U.S. Customs Service reclassified them as "complete or unfinished trucks" with a tariff of 25%?

• A) U.S. truck dealers that retailed imported compact trucks lowered their retail prices and absorbed part of the tariff.
• B) U.S. consumers negotiated lower retail prices from U.S. truck dealers selling imported compact trucks.
• C) The U.S. government decided not to collect the 25% tariff on imported Japanese compact trucks and instead made them subject to voluntary export restraints.
• D) Japanese truck manufacturers lowered their prices on trucks exported to the U.S. market and absorbed part of the tariff.

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Definitions:

Libido

A term used in psychoanalytic theory to denote the energy associated with sexual drives and desires.

Oedipus Complex

A Freudian theory that suggests a child's unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.

Unconscious

A term in psychology referring to the part of the mind that is not currently in focal awareness, containing processes, memories, and desires beyond conscious access.

Preconscious

The part of the mind containing information that is not currently in focal awareness but can easily be accessed, as described in psychoanalytic theory.