The sale of goods abroad at a price below their cost and below the price charged in the domestic market is called
A) priming.
B) coping.
C) invading.
D) dumping.
D
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If the cyclical rate of employment equals -1 percent and the actual rate of unemployment equals 8 percent, then the natural rate of unemployment must equal:
A. 7 percent. B. 12.5 percent. C. 9 percent. D. -7 percent.
The decrease in the value of the dollar relative to the Japanese yen
A. increased the yen price paid and decreased the dollar price received from U.S. goods exported to Japan. B. decreased both the yen price paid and the dollar price received from U.S. goods exported to Japan. C. increased both the yen price paid and the dollar price received from U.S. goods exported to Japan. D. decreased the yen price paid and increased the dollar price received from U.S. goods exported to Japan.
Following the Revolution,
a. America found itself outside the protection of the British empire. b. trade alliances with both Spain and France began to crumble. c. all American-built vessels were ineligible to trade with the British Empire. d. All of the above are correct. e. Only a and b are correct.
If the price were increased from $94 to $96 and quantity demanded fell from 38 to 37, calculate elasticity; state whether demand is elastic, unit elastic, or inelastic, and find how much total revenue was when the price was $94 and $96.
What will be an ideal response?