If a good sells for $10 domestically and the same good sells for $7 abroad, then this firm is engaging in
A. price discrimination.
B. dumping.
C. price differentiation.
D. marginal cost selling.
Answer: B
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Can nominal GDP increase even when real GDP decreases?
A) No, it is not possible. B) Yes, but only if the price level decreases. C) Yes, but only if the price level increases. D) Yes, but only if the price level remains unchanged.
The expenditure approach to measuring U.S. GDP equals _________
A. the sum of U.S. consumption expenditure and U.S. investment B. U.S. government expenditure minus taxes paid by Americans C. all expenditure on final goods and services produced in the United States in a given time period D. all expenditure by Americans on goods and services produced in the United States in a given time period
In cartels, the reason that the monopoly output is unstable is due to the factors that are present in a prisoner's dilemma
a. True b. False Indicate whether the statement is true or false
Places where foreign currencies are bought and sold are
A. Foreign exchange markets. B. Currency appreciation markets. C. Capital account markets. D. Foreign exchange reserves.