Which of the following statements is true with respect to the concept of dumping in international trade?
a. Dumping is designed to sell off surplus goods, especially agricultural goods.
b. Dumping leads to higher competition in the long run.
c. Dumping is illegal in the United States.
d. Dumping creates toxic wastes in the importing country.
e. Dumping can only be practiced by a monopolist.
C
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Other things equal, if foreign holdings of U.S. dollars decrease,
A) the balance on the U.S. current account will decrease. B) the balance on the U.S. financial account will decrease. C) the balance on the U.S. capital account will decrease. D) the U.S. balance of payments will decrease.
The only difference between adaptive and rational expectations is that the theory of adaptive expectations assumes economic agents to be irrational
a. True b. False Indicate whether the statement is true or false
Traditionally, the Federal Reserve can give emergency loans only to:
Commercial banks Manufacturing firms Securities firms Investment banks
All of the following would increase the natural rate of unemployment EXCEPT
A. government licensing of teachers restricts employment. B. a mismatch of skills and jobs. C. union activity restricts the mobility of labor. D. an economic recession.