When some countries export products at prices below the cost of production, or the price charged in the domestic market it is called ________
a. cream-skimming
b. import substitution
c. monopoly pricing
d. dumping
d
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The most socially efficient market structure in the long run is: a. perfect competition
b. monopolistic competition. c. oligopoly. d. monopoly.
The total indebtedness of the federal government in the form of outstanding interest-earning bonds is the
What will be an ideal response?
Which of the following is a reason that the Fed does not traditionally attempt to limit asset price bubbles?
A. The Fed’s policies cannot be targeted at only one sector of the economy. B. Price changes for one asset or one industry cannot have a substantial impact on the entire economy. C. The FDIC rather than the Fed is responsible for recognizing bad lending practices. D. All of these responses are correct.
The sum of internal and external costs is
A) private cost. B) social cost. C) opportunity cost. D) common property.