Dumping refers to countries exporting unwanted and inferior products to other countries
Indicate whether the statement is true or false
FALSE
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Which of the following is a clear difference between the market system and government?
A) Collective welfare controls government policy; the market system serves the welfare of individuals. B) Competition regulates the market system, but competition does not constrain the actions of government officials. C) The market system serves the interests of some; government serves the interests of all. D) Each of the above statements expresses the difference between the two. E) None of the above expresses the difference between the two.
How would a $10 increase in an avoidable per-unit fixed cost effect a price-taking firm's supply curve?
A. MC would increase by $10, and AC would not change. B. AC would increase by $10, and MC would not change. C. MC and AC would both decrease by $10. D. MC and AC would both increase by $10.
The real GDP refers to the value of final output produced in a given period, adjusted for
A. Fixed prices. B. Final prices. C. Changing prices. D. No prices.
The two parts of the Keynesian consumption function are consumption that depends on ________ and consumption that depends on ________.
A. planned spending; unplanned spending B. real income; nominal income C. money; wealth D. disposable income; factors other than disposable income