Country X subsidizes industry A. A worldwide recession has hit and Country X has decided to export Good A worldwide, selling the product for less than it costs to produce it. This is
A. the infant industry argument.
B. comparative advantage argument.
C. a regional trade bloc.
D. dumping.
Answer: D
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Participants in the ________ invest in stocks, bonds, and mutual funds, mortgage contracts, real estate and other opportunities with the expectation of receiving a financial return on their investment.
Fill in the blank(s) with the appropriate word(s).
Examine Figure 36.1, which shows the market for K-12 education in an economy. The amount of external benefits associated with K-12 education in this market is ________ per student.
A. $12,000 B. $6,000 C. $4,000 D. $8,000
Which of the following statements is true?
A) A stock can possibly pay dividends forever, but bonds have a fixed number of payments. B) Differences of opinion about a bond's future may vary considerably but there is less difference about a stock's future. C) The future growth of a stock is more certain than the payments of a bond. D) Bonds represent partial ownership in a firm but stocks do not.
If demand for drugs is inelastic, then changes in the supply curve through interdiction efforts will only slightly
A. lower equilibrium quantity. B. raise equilibrium quantity. C. raise equilibrium price. D. lower equilibrium price.