Dumping is selling in a foreign market at a price in excess of the importing country's domestic average total cost of production.
a. true
b. false
Ans: b. false
You might also like to view...
Use the following figure to answer the question below.
Dave's opportunity cost of producing 1 pound of green beans is ________ pound(s) of corn.
A. 1/2 B. 4 C. 2 D. 1
Acquiring a firm that sells a substitute good will
a. Make the demand curve more inelastic b. Make the demand curve more elastic c. Make MR>MC d. Will have no effect on the demand curve
Which of the following is true of Antitrust policy?
a. Antitrust policy prohibits agreements that allow free trade. b. Antitrust policy restricts abusive behavior by a firm dominating a market. c. Antitrust policy allows anti-competitive practices. d. Antitrust policy restricts subsidies in goods and services. e. Antitrust policy creates trade barriers like tariffs and quota.
A constitutional amendment requiring the federal government to balance its budget annually would
a. require a decrease in taxes and/or an increase in government spending during an economic expansion. b. require an increase in taxes and/or a decrease in government spending during a recession. c. destabilize the economy. d. All of the above.