________ occurs when a foreign firm sells its exports at a lower price than it costs to produce the goods
A) Dumping
B) Comparative advantage
C) Learning-by-doing
D) A tariff
A
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The value of final goods and services equals:
A. total business profits. B. the sum of revenues from all sales. C. total business spending. D. the sum of the value added by all firms.
When the Treasury borrows from the non-bank public and makes an expenditure of an equal amount, the money supply
A) rises by a multiple of the expenditure. B) rises by an amount equal to the expenditure. C) rises by an amount less than the expenditure. D) is unaffected.
As disposable income increases, consumption spending will rise, but it will rise by less than disposable income if the MPS is positive
a. True b. False Indicate whether the statement is true or false
The price an economy pays for lower unemployment is ______.
a. higher inflation b. higher real wages c. declining stock values d. lower price volatility