The effect of antidumping laws is to
A) put a floor on foreign prices.
B) lower consumer surplus in the importing country.
C) encourage domestic firms to allege dumping even when it might not be true.
D) All of the above.
D
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Refer to Figure 4-3. If the market price is $2.50, what is the maximum number of ice cream cones that Kendra will buy?
A) 1 B) 2 C) 3 D) 4
What do neoclassical economics and behavioral economics believe about giving people options?
A. Both believe that people make better decisions when they are given a greater set of options. B. Behavioral economics focuses on providing more options; neoclassical economics focuses on helping people make more rational decisions with the options available. C. Neoclassical economics focuses on providing more options; behavioral economics focuses on helping people make better decisions with the options available. D. Both believe that people are better off with fewer options, allowing them to spend more time calculating the benefits and costs of each available option.
Firm A finds it very expensive to reduce its sulfur dioxide emissions, while Firm B finds it very cheap to reduce its sulfur dioxide emissions. If a program of tradable pollution permits was enacted, we would most likely see
A. Firm A reduce its emissions by more than Firm B. B. Firm B sell its permit to pollute to firm A. C. Both firms decrease their sulfur dioxide emissions by the same amount. D. Both firms increase their sulfur dioxide emissions by the same amount.
One of the possible roles governments can play in sponsoring growth is to
A) close the nation to trade in order to protect its domestic producers. B) own more of the nation's resources in order to put them to use. C) limit the use of property rights in order to decrease the harm they create. D) make decisions for its citizens as to the most suitable job. E) provide tax incentives to encourage saving.