Which of the following groups were losers after the European Union's imposition of an antidumping duty on shoes imported from China?
a. European consumers and European shoe manufacturers
b. Chinese consumers and Chinese shoe manufacturers
c. Chinese consumers and European shoe manufacturers
d. European consumers and Chinese shoe manufacturers
Ans: d. European consumers and Chinese shoe manufacturers
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What will be an ideal response?
According to Monetarists, a direct substitution between cash balances and real goods results from a change in
A) investment spending. B) consumption spending. C) government spending. D) the money supply.
The law of demand describes the:
A. inverse relationship between price and quantity demanded. B. direct relationship between price and quantity demanded. C. inverse relationship between income and quantity demanded. D. direct relationship between income and quantity demanded.
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