Questions: Which term refers to a belief by residents of a country that it is inappropriate or immoral to purchase foreign-made goods and services?
Democratic socialism
Consumer ethnocentrism
Consumer utilitaranism
Individualism
Transcript text: Which term refers to a belief by residents of a country that it is inappropriate or immoral to purchase foreign-made goods and services?
Democratic socialism
Consumer ethnocentrism
Consumer utilitaranism
Individualism
Solution
The answer is: Consumer ethnocentrism.
Explanation for each option:
Democratic socialism: This term refers to a political ideology that advocates for political democracy alongside social ownership of the means of production. It is not related to the belief about purchasing foreign-made goods and services.
Consumer ethnocentrism: This term specifically refers to the belief held by residents of a country that it is inappropriate or immoral to purchase foreign-made goods and services. It is based on the idea that buying domestic products supports the local economy and is a form of national loyalty.
Consumer utilitarianism: This term would refer to a consumer's decision-making process based on the greatest good for the greatest number, focusing on the utility or overall benefit of a product or service. It does not specifically address the morality of purchasing foreign-made goods.
Individualism: This term refers to a social theory favoring freedom of action for individuals over collective or state control. It is not related to the belief about purchasing foreign-made goods and services.
Therefore, the correct term that refers to the belief that it is inappropriate or immoral to purchase foreign-made goods and services is consumer ethnocentrism.