Dumping is
A. exporting goods that are sources of pollution.
B. selling a good abroad in huge quantities at a very low price.
C. exporting goods that are of inferior quality relative to the goods sold in the domestic market.
D. selling a good abroad at a price below cost or below the price charged in the domestic market.
Answer: D
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A higher desired level of capital and investment will result from ________
A) a decrease in productivity B) a fall in expected future output C) a depressed economy D) a booming economy
When an economy is operating well below its full-employment capacity and the marginal propensity to consume is 3/4, a $10 billion increase in investment will cause the equilibrium income to rise by
a. $5 billion. b. $10 billion. c. $20 billion. d. $40 billion.
The economizing problem is essentially one of deciding how to make the best use of:
A. Limited resources to satisfy limited economic wants B. Unlimited resources to satisfy unlimited economic wants C. Unlimited resources to satisfy limited economic wants D. Limited resources to satisfy unlimited economic wants
In Figure 3.2, what is the value to the consumer? 
A. 0PCQ* B. P*AC C. 0ACQ* D. BP*C