Dumping occurs when a firm:
A. charges a higher price to a foreign market than either the price charged in its home market or the production costs.
B. generates toxic waste when producing export goods and then dumps the waste in the ocean.
C. stops selling to a foreign market due to excessive tariffs.
D. charges a lower price to a foreign market than either the price charged in its home market or the production costs.
Answer: D
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If the price of bread were zero, a budget line between bread (on the vertical axis) and cheese (on the horizontal axis) would
a. not exist b. be vertical c. coincide with the vertical axis d. be horizontal e. coincide with the horizontal axis
What is meant by the term inflation bias?
A) when policymakers allow exchange rates to continually depreciate and are willing to accept higher rates of inflation B) when policymakers accept higher rates of inflation and are willing to allow exchange rates to continually depreciate C) when policy makers use expansionary monetary policy for short-term gain, at the expense of higher inflation in the longer run D) when fiscal policymakers use deficit financing to stimulate the economy at the expense of higher long-run inflation
The amount of goods and services that a person can produce in a given time is called
a. labor input b. labor intensive c. labor output d. labor productivity
Stockholders receive returns on their financial investment in the form of ________ and ________.
A. interest payments; dividends B. capital gains; interest payments C. coupon payments; capital gains D. capital gains; dividends