When other nations Orient "dump" products on the U.S. market, they
a. sell at prices that do not cover costs of production.
b. sell at prices lower than prices charged to their own domestic customers.
c. expect the United States to help pay any industrialists' losses.
d. All of the above are true.
b
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A shortage occurs when the market price is lower than the equilibrium price
Indicate whether the statement is true or false
When the economy enters a recession, your employer is unlikely to reduce your wages because ________ during a recession
A) output and input prices generally fall B) output prices always fall C) output prices generally fall and input prices generally rise D) lower wages increase your incentive to find employment elsewhere.
When government spending is added to consumption and planned investment, the slope of the aggregate expenditure function increases
a. True b. False Indicate whether the statement is true or false
Which of the following hinders economic freedom?
a. Lower taxes b. Regulations on emissions from automobiles c. International trade d. Secure private property rights e. A democratic government