Which of the following is a criterion for determining whether a foreign nation is dumping?
a. The good is not produced at home.
b. The good is selling below the price in the exporting nation.
c. The good is priced below average total cost.
d. The good is selling below the price in the exporting nation or is priced below average total cost.
Ans: d. The good is selling below the price in the exporting nation or is priced below average total cost.
You might also like to view...
In using the composite-good convention in an indifference curve diagram, economists
a. compare the prices of market baskets at different points in time. b. divide the world's production into two classes, goods and services. c. divide the world's goods into two classes, high quality goods and low quality goods. d. lump together all goods but one into a single good measured in a single unit, like dollars.
Which of the following is NOT a source of bias in the CPI?
i. quality change bias ii. new goods bias iii. quantity change bias A) ii and iii B) iii only C) i only D) ii only E) i and ii
If the demand for a product falls and the supply stays the same
A) the market clearing price will fall and the equilibrium quantity will rise. B) the market clearing price will rise and the equilibrium quantity will fall. C) both the market clearing price and the equilibrium quantity will fall. D) both the market clearing price and the equilibrium quantity will rise.
Refer to the information provided in Figure 9.5 below to answer the question that follows. 
Figure 9.5Refer to Figure 9.5. Based on the figures, supply will ________ in the long run and profits should ________.
A. increase; decline B. decrease; increase C. increase; increase D. decrease; decline