Which of the following is said to occur when a firm lowers its price to limit the decline in the quantity sold during a period of recession?
A. Persistent dumping
B. Predatory dumping
C. Cyclical dumping
D. Seasonal dumping
Answer: C
You might also like to view...
Do automatic fiscal stabilizers eliminate business cycles?
A) Yes B) No, because they have no effect if the business cycle is the result of some unanticipated change C) No, but they do moderate business cycles D) No, they increase the likelihood that a business cycle occurs E) No, they make business cycle fluctuations more severe
In practice, it is difficult to integrate the concept of vertical equity into the tax code although it is widely agreed that high-income individuals should pay more
a. True b. False
Import tariffs generally result in
A) higher domestic prices. B) less consumer surplus. C) more producer surplus for domestic producers. D) a deadweight loss. E) all of the above
If two players engaged in a prisoner's dilemma game are likely to repeat the game, they are more likely to cooperate than if they play the game only once
a. True b. False Indicate whether the statement is true or false