What is the full definition of dumping? If an importing country suspects dumping, what action can be taken?
What will be an ideal response?
POSSIBLE RESPONSE: Dumping is selling exports at a price below the normal value (or fair market value). There are two definitions of normal value. The traditional definition of normal value is the price charged in the home market. Dumping in this case means international price discrimination. The second definition of normal value is the average cost of production. Under this second definition dumping is selling goods abroad at a price below average production cost. If an importing country discovers dumping and domestic injury from dumping, the country can use antidumping measures such as imposing antidumping duties.
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"Discouraged" workers are counted as "unemployed."
Indicate whether the statement is true or false
When the crowding-out effect of an increase in government purchases is included in the analysis:
a. AD shifts left, but by more than the simple multiplier analysis would imply. b. AD shifts left, but by less than the simple multiplier analysis would imply. c. AD shifts right, but by more than the simple multiplier analysis would imply. d. AD shifts right, but by less than the simple multiplier analysis would imply.
The demand curve facing a monopolist is:
a. downward-sloping, unlike the horizontal demand curve facing a perfectly competitive firm. b. horizontal, the same as that facing a perfectly competitive firm. c. upward-sloping, the same as that facing a perfectly competitive firm. d. downward-sloping, the same as that facing a perfectly competitive firm.
Which one of the following is true about the U.S. Federal Reserve System?
A. There are 12 Federal Reserve Districts. B. The Open Market Committee is smaller in size than the Federal Reserve Board. C. There are 14 members of the Federal Reserve Board. D. The head of the U.S. Treasury also chairs the Federal Reserve Board.