If it costs a firm $10 to produce a good and the same good sells for $7 abroad, then this firm is engaging in
A) profit maximization.
B) price discrimination.
C) price differentiation.
D) dumping.
Answer: D
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Based on the transactions in the above table, what is the change in the U.S. capital account?
A) $9,800 B) $10,000 C) -$20,000 D) -$20,200
Consider the following events: scientists reveal that consumption of oranges decreases the risk of diabetes, and at the same time, farmers use a new fertilizer that makes orange trees more productive. Illustrate (using supply-and-demand diagrams) and explain what effect these changes have on the equilibrium price and quantity of oranges.
What will be an ideal response?
At point A of Figure 3 within Figure 3.1, demand is 
A. inelastic. B. perfectly inelastic. C. perfectly elastic. D. elastic.
Explain the difference between the per se and "rule of reason" standards of the antitrust laws