________ involves a country selling its exports at a price lower than its cost of production.
A. Having a comparative advantage
B. An export quota
C. Having an absolute advantage
D. Dumping
Answer: D
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Expansionary and contractionary gaps are automatically eliminated by shifts in aggregate demand
a. True b. False Indicate whether the statement is true or false
Constraints
What will be an ideal response?
The figure below shows the market for computers in a small importing country. Dd and Sd are the domestic demand and supply curves of computers, respectively.
The imposition of a tariff on computers caused economic well-being in the country to ________ by
A. fall; $6 million. B. rise; $34 million. C. fall; $34 million. D. fall; $4 million.
For a monopolist, marginal revenue equals
A. Price times quantity. B. Price. C. The change in quantity divided by the change in total revenue. D. The change in total revenue divided by the change in quantity.