Suppose the United States subsidizes domestic chicken production and then sells surpluses on the world market at a price below the cost of production
In foreign countries, the argument that would made to restrict chicken trade with the United States would be the A) penalizes lax environmental standards argument.
B) saves jobs argument.
C) infant-industry argument.
D) dumping argument.
E) national security argument.
D
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Use the information in the table below.Total salesIndustry 1Firm 1$5.3mFirm 2$199,000Firm 3$2.6mFirm 4$850,000What percent of total sales does Firm 4 make up in Industry 1?
A. 8.5% B. 59% C. 29% D. 9%
The addition to revenue obtained from firing an additional unit of labor is
A) total product. B) marginal revenue product. C) marginal factor cost. D) marginal physical product of labor.
If a commercial bank has assets valued at $200 million and a net worth of $20 million, what is the value of the bank's liabilities?
a. There is not enough information to determine. b. $20 million c. $220 million d. $180 million e. $200 million
Nominal GDP is another term for
a. current dollar GDP. b. constant dollar GDP. c. adjusted dollar GDP. d. relative value GDP.