Selling a good abroad below the price charged in the home market, or at a price below the cost of production is called
A. import substitution.
B. a tariff.
C. a quota.
D. dumping.
Answer: D
You might also like to view...
Suppose a production possibilities frontier (PPF) has been plotted on a graph. If the horizontal axis of the graph measures the output of capital goods and the vertical axis measures the output of consumer goods, then a point inside the PPF represents: a. a larger quantity of capital goods than that represented by a point along the PPF. b. an inefficient output combination of the two goods in
the economy. c. an unattainable output combination of the two goods in the economy. d. an output combination of more consumer goods than capital goods. e. a larger quantity of consumer goods than that represented by a point along the PPF.
Average real wages have not risen significantly since approximately 1973.
Answer the following statement true (T) or false (F)
A move from E to F represents
A. an increase in quantity demanded.
B. a decrease in quantity demanded.
C. an increase in demand.
D. a decrease in demand.
Refer to Figure 17.2. Assume the economy is at point E and is constrained by the PPC shown. This economy
A. Can experience long-run growth by moving to point D. B. Can experience long-run growth by moving to point C. C. Can experience a movement to full employment by moving to point A. D. Cannot experience growth because it is constrained by the PPC.