________ occurs when a firm cuts prices below production costs in a deliberate attempt to drive competitors out of business.
A. Voracious dumping
B. Ravaging dumping
C. Predatory dumping
D. Deliberate dumping
Answer: C
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Japanese electronics exports were hurt in 2008 as a result of the recession. How would this decrease in exports have affected Japan's aggregate demand curve?
A) The aggregate demand curve would not have shifted, but there would have been a movement down the aggregate demand curve. B) The aggregate demand curve would have shifted to the right. C) The aggregate demand curve would not have shifted, but there would have been a movement up the aggregate demand curve. D) The aggregate demand curve would have shifted to the left.
How have the trade policies of developed countries discouraged new exports of less-skilled-labor-intensive manufactured goods by developing countries?
What will be an ideal response?
Marginal ________ is the added revenue from producing and selling one more unit of output.
A. revenue B. cost C. income D. profit
If an American can purchase 40,000 British pounds for $90,000, the dollar rate of exchange for the pound is ________.
A. $0.44 B. $2.25 C. $0.23 D. $2.00