It costs a computer manufacturer $1,000 to produce a personal computer. This manufacturer sells these computers abroad for $600. This is an example of
A. a negative tariff.
B. export subsidy.
C. a trade-related economy of scale.
D. dumping.
Answer: D
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Refer to the scenario above. Which of the following combinations will lie above Jack's production possibilities curve?
A) 2 paintings and 3 sculptures B) 5 sculptures only C) 10 paintings only D) 3 paintings and 5 sculptures
According to the Keynesian model of the money market, the supply of money
a. depends on the interest rate. b. is chosen by the central bank. c. varies with the price level. d. varies with income.
Which is not a desirable property of money?
A customs broker or other import consultant can help an importer minimize import duties by ________.
A) bypassing duty rebates available through drawback provisions B) incurring duties by using non-bonded warehouses and foreign trade zones C) maximizing liability by improperly marking an import's country of origin D) valuing products in such a way that they qualify for more favorable duty treatment