Which of the Following Statements About International Markets Is True

question 106

Multiple Choice

Which of the following statements about international markets is true?

• A)Incomes are rising but demand is stagnant.
• B)Incomes are rising and demand is increasing.
• C)Incomes are rising but demand is decreasing.
• D)Incomes are dropping and demand is decreasing.
• E)Incomes are dropping but demand is increasing.

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Definitions:

Lessen Dissonance

The act of reducing conflict or inconsistency, especially in the context of cognitive dissonance in psychology, where individuals strive for internal consistency between their beliefs and actions.

Frequent-Flyer Miles

Loyalty program points awarded by airlines to passengers who travel with them, which can be redeemed for flight discounts, upgrades, or other rewards.

Noncompensatory Decision

A decision-making process in which options are evaluated in a way that one attribute cannot make up for a disadvantage in another.

Compensatory Decision

A decision-making process where the consumer evaluates the positive and negative attributes of each alternative and makes a trade-off to arrive at a decision.