In the context of global influences, which of the following statements are true of American consumers and American businesses?
American consumers provide foreign companies with a market.
The global economy is solely driven by American consumption.
American businesses compete against foreign companies for the spending dollars of American consumers.
American businesses have no competitors in the global economy.

Question

In the context of global influences, which of the following statements are true of American consumers and American businesses?

American consumers provide foreign companies with a market.

The global economy is solely driven by American consumption.
American businesses compete against foreign companies for the spending dollars of American consumers.
American businesses have no competitors in the global economy.

UpStudy AI · Accepted Answer

In the context of global influences, **the following statements are true** regarding American consumers and American businesses:

1. **American consumers provide foreign companies with a market.**
   - **True:** American consumers purchase goods and services from foreign companies, thereby providing them with access to the U.S. market.

2. **American businesses compete against foreign companies for the spending dollars of American consumers.**
   - **True:** American businesses often find themselves competing with international firms to attract and retain the spending of U.S. consumers.

**The other statements are not true:**

- **The global economy is solely driven by American consumption.**
  - **False:** While American consumption plays a significant role, the global economy is influenced by multiple factors, including other countries' consumption, production, and various economic policies.

- **American businesses have no competitors in the global economy.**
  - **False:** American businesses face competition from companies around the world across various industries.

**Summary of True Statements:**
- American consumers provide foreign companies with a market.
- American businesses compete against foreign companies for the spending dollars of American consumers.
American consumers provide foreign companies with a market, and American businesses compete against foreign companies for the spending dollars of American consumers.

Solución de inteligencia artificial de Upstudy

Responder

Solución

Mind Expander

preguntas relacionadas

Latest Economics Questions