Which of the following is not correct regarding dumping?
a. In the country where products are dumped, consumer surplus grows as a result of the dumping.
b. Dumping involves the selling of a product by foreign producers at a price lower than that in their own countries.
c. Critics of dumping recommend applying a tariff as the correct antidumping measure.
d. A major difficulty with dumping by firms in other countries is that it drives up prices to the domestic consumer.
e. Predatory dumping is often aimed at driving domestic producers out of business.
D
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Lizzie's budget line is shown in the figure above. If the price of a cookie falls, the budget line
A) shifts rightward and its slope does not change. B) shifts leftward and its slope does not change. C) becomes flatter. D) becomes steeper.
The post-World War II prosperity (1945–1949) was due in large part to Harry Truman's commitment to maintaining high levels of federal expenditures after World War II (1941–45)
Indicate whether the statement is true or false
Which of the following leads to a lower level of unemployment in the long run?
a. both an increase in the size of the money supply and an increase in the money supply growth rate b. an increase in the size of the money supply but not an increase in the money supply growth rate c. an increase in the money supply growth rate, but not an increase in the size of the money supply d. neither an increase in the size of the money supply nor an increase in the money supply growth rate
Approaching income redistribution by taking from the rich and giving to the poor is often referred to as the ______.
a. principle of diminishing utility b. Lorenz Curve c. Gini Coefficient d. Robin Hood approach