Dumping occurs when a foreign firm ________
A) pollutes international waters
B) disposes of waste materials in other countries
C) sells inferior output to foreigners
D) sells its exports at a lower price than its cost of production
D
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"An increase in Mexican income decreases aggregate demand in the United States." Is the preceding statement correct or incorrect? Briefly explain your answer
What will be an ideal response?
Risk that is common to all assets of a certain type is referred to as
A) systematic risk. B) unsystematic risk. C) idiosyncratic risk. D) structural risk.
Which of the following accidents has an optimal probability of zero?
A) patent infringements B) audit failure C) product failure D) It is not optimal for any of the accidents, patent infringements, audit failure, or product failure to have a probability of zero.
Suppose you win a small lottery and you are given the following choice: You can receive (1) an immediate payment of $5,000 or (2) two annual payments, each in the amount of $2,700, with the first payment coming one year from now, and the second payment coming two years from now. You would choose to take the two annual payments if the interest rate is
a. 2 percent, but not if the interest rate is 3 percent. b. 3 percent, but not if the interest rate is 4 percent. c. 4 percent, but not if the interest rate is 5 percent. d. 5 percent, but not if the interest rate is 6 percent.