Dumping refers to
A) selling inferior products to unsuspecting consumers.
B) selling a product for a price below its cost of production.
C) exporting products that do not meet domestic safety standards.
D) illegally avoiding tariffs by selling products on the black market.
Answer: B
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Educating girls helps
a. reduce fertility rates b. improve the health of children c. increase pressure on government to create jobs d. promote equal participation in development e. all of the above
In a study published in 1963, Milton Friedman and Anna Schwartz found that in every business cycle they studied over nearly a hundred-year period, the growth rate of the ________ decreased before ________ decreased
A) money supply; interest rates B) money supply; output C) budget deficit; interest rates D) budget deficit; output
The Federal Reserve System is made up of twelve regional banks owned by
A) commercial banks in the respective districts that have chosen to be members of the Fed. B) Wall Street investors. C) the Board of Governors appointed by the President. D) the U.S. Treasury.
If the government wants to raise tax revenue and shift most of the tax burden to the sellers it would impose a tax on a good with a:
A. flat (elastic) demand curve and a steep (inelastic) supply curve. B. steep (inelastic) demand curve and a flat (elastic) supply curve. C. steep (inelastic) demand curve and steep (inelastic) demand curve. D. flat (elastic) demand curve and a flat (elastic) supply curve.