Consider the following statements to determine which one accurately describes the concept of consumer ethnocentrism.
A) a belief that the world's goods and services should be distributed fairly by all nations
B) a belief by residents of a country that the goods and services they produce are superior to that of other countries
C) a measure of how optimistic consumers are about the overall state of the economy and their own personal finances
D) a measure of the amount of goods and services that can be purchased based on the currency exchange rate
E) a belief by residents of a country that it is inappropriate or immoral to purchase foreign-made goods or services
Correct Answer:
Verified
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