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

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
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Solution

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The answer is: Consumer ethnocentrism.

Explanation for each option:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

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