Selling a good abroad below the price charged in the home market is
A) a basic argument for free trade.
B) the infant industry argument.
C) dumping.
D) a voluntary restraint agreement.
Answer: C
You might also like to view...
In a market system, the major coordination tasks are carried out
A. with the approval of central planners. B. as part of the regular appropriation process of Congress. C. irregularly by the major corporations. D. automatically by the market mechanism.
Which of the following is not a provision of the Taft-Hartley Act?
a. outlaws the closed shop b. prohibits union unfair labor practices c. requires unions to bargain in good faith d. outlaws striking in support of another union's strike e. creates the National Labor Relations Board
The Troubled Asset Relief Program (TARP) totaled ____ and the fiscal stimulus package of 2009 totaled ____
a. $1.4 trillion; $800 billion b. $1.4 trillion; $700 billion c. $700 billion; $800 billion d. $700 billion; $1.4 trillion
When competition is present and private ownership rights are clearly defined and securely enforced by the legal system, business firms will have a strong incentive to
A) innovate and develop better products and lower cost production methods. B) engage in wasteful activities that increase the cost of producing goods and services. C) use resources during the current period rather than conserving them for the future. D) spend time attempting to plunder (take) the resources of others.