Dumping refers to the practice of
a. flooding a foreign market with large quantities of a good.
b. selling a product abroad at a price below cost or below the domestic price.
c. exporting inexpensive products to foreign countries.
d. selling surplus goods abroad with counterfeit brand names.
b. selling a product abroad at a price below cost or below the domestic price.
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When the U.S. real interest rate falls ________
A) U.S. dollar assets earn a higher return relative to foreign assets B) it makes U.S. exports more expensive in foreign currencies C) imports will decrease D) all of the above E) none of the above
"Policy ineffectiveness" refers to the hypothesis that monetary and fiscal policy actions that change aggregate demand will
a. neither affect output nor employment even in the short run. b. affect output and employment in both the short run and long run. c. affect output but not employment in the short run. d. not affect output but will affect employment in the long run.
If the printed circuit board market is perfectly competitive,
a. too many printed circuit boards will be produced b. printed circuit boards will be allocated efficiently c. too few printed circuit boards will be produced d. economic efficiency will not be achieved e. printed circuit boards will be evenly distributed among consumers
The government of Crossland wants to influence its exchange rate. It will do so by buying and selling:
A. commodities. B. transfers. C. goods and services from the current account. D. currencies in its official reserves.