What was the consequence of the United States putting an anti-dumping tax on flat panel displays?
a. It created a trade war with other countries.
b. It protected buyers from paying a low price for flat panels display.
c. It increased employment in the United States.
d. It drove the laptop manufacturing industry out of the United States.
d. It drove the laptop manufacturing industry out of the United States.
You might also like to view...
Firms can practice indirect price discrimination by
a. Offering volume discounts b. Using two-part pricing c. Offering a bundle containing a number of units d. All of the above
The net worth of a bank
A. determines the level of bank loans possible. B. is determined by subtracting liabilities from assets. C. is determined by subtracting assets from liabilities. D. can never be a negative value.
When the price of a good changes, the income effect can be found by comparing the equilibrium quantities purchased
A) on the old budget line and the new budget line. B) on the original indifference curve when faced with the original prices and when faced with the new prices. C) on the new budget line and a hypothetical budget line that is a shift back to the original indifference curve parallel to the new budget line. D) on the new indifference curve.
The price of a good will be demand determined if
A. the demand for the good is unit elastic. B. the demand for the good is perfectly inelastic. C. the supply of the good is perfectly inelastic. D. the supply of the good is perfectly elastic.