Dumping refers to selling a commodity abroad at a price that is below its cost of production or below the price charged in the domestic market
a. True
b. False
A
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In 2008, the dollar appreciated relative to the euro. This appreciation caused ________ and a ________
A) a movement up along the U.S. aggregate demand curve; decrease in U.S. exports to Europe B) a decrease in U.S. exports to Europe; leftward shift in the U.S. aggregate demand curve C) an increase in U.S. exports to Europe; movement up along the U.S. aggregate demand curve D) a decrease in U.S. exports to Europe; a movement up along the U.S. aggregate demand curve
The states that were hit hardest by the bank failures of the late 1980s
a. were primarily dependent on agriculture and the oil industry b. were primarily dependent on tourist revenues c. were located on the West coast d. were primarily dependent on fishing e. were located in the Northeast
Which currency is being valued in the following expression: $5/€?
a. Euro (€) b. Dollar ($) c. Both d. None
If Congress suddenly passes legislation that required all U.S. workers to receive the same annual pay, we would expect
a. a surplus of workers to fill the easy, desirable jobs. b. less human capital investment. c. all of the above. d. a shortage of workers to fill the least desirable jobs.