Dumping is defined as
A. selling a good abroad at prices below its cost of production or below the price charged in the home market.
B. exporting goods that are sources of pollution.
C. exporting goods that are of inferior quality.
D. selling a good abroad at prices above the costs of the firms in the foreign countries.
Answer: A
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Refer to the above figures. Which panel(s) represent the effect of an increase in the price level?
A) Panel A only B) Panels A and C only C) Panel D only D) none of the panels
The Gramm-Rudman-Hollings Acts of 1985
a. led to the largest budget deficits in the history of the United States b. structured a one-quarter reduction in real discretionary spending over the period 1993–1998 c. required Congress to implement a pay-as-you-go plan d. required Congress to cut every budgetary item by the same percentage if it could not reduce the deficit to zero through discretionary budget making e. required Congress to pay for new spending by cutting old spending or raising taxes
In the simple liquidity preference model, changes to the money supply will have a smaller effect on interest rates the:
A. steeper, more elastic is the money demand curve. B. flatter, more elastic is the money demand curve. C. flatter, less elastic is the money demand curve. D. steeper, less elastic is the money demand curve.
Tax cuts would have the same directional effect on the dynamic aggregate demand curve as:
A. decreases in government purchases. B. temporary tax increases. C. the Federal Reserve selling U.S. treasury securities. D. the Federal Reserve buying U.S. treasury securities.