Selling a good abroad below the price charged in the home market is
A. a basic argument for free trade.
B. dumping.
C. the infant industry argument.
D. a voluntary restraint agreement.
Answer: B
You might also like to view...
The figure above shows the market for coffee. If 30 pound of coffee a month are available, the ________ price that consumers are willing to pay for the last pound is ________
A) maximum; $4.00 B) minimum; $4.00 C) maximum; $2.50 D) minimum; $2.50
What is true about the following payoff matrix? A: not cooperateA: cooperateB: do not cooperateA: 2, B: 2A: 1, B: 3B: cooperateA: 3, B: 1A: 0, B: 0
A. Player B is better off lying that she will not cooperate and then cooperate. B. Player A is better off lying that he will not cooperate and then cooperate. C. Players cannot escape the 0-0 payoff. D. Players cannot jointly do better by cooperating.
Since World War II, world trade has
A. risen sharply, outpacing gains in annual world real GDP. B. increased in relative importance for most nations, but not for the United States. C. decreased in importance as nations turn inward due to security concerns. D. increased, but not as dramatically as annual world real GDP has climbed.
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher