When a good is put onto the global market at a price below the cost to produce it, this is known as
A) the infant-industry argument.
B) dumping.
C) a quota.
D) protection of domestic jobs.
B
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In the figure above, what is the equilibrium price and quantity?
What will be an ideal response?
The Consumer Price Index (CPI) measures
A) the prices of a few consumer goods and services. B) the prices of those consumer goods and services that increased in price. C) the average of the prices paid by urban consumers for a fixed market basket of goods and services. D) consumer confidence in the economy. E) the average of the costs paid by businesses to produce a fixed market basket of consumer goods and services.
What is the approximate per capita income of the US if the population is 3,405,813 and its GDP is $24 million?
a. $8.17 b. $1.41 c. $7.05 d. $0.08 e. $6.18
Which of the following can banks use to borrow from the Federal Reserve?
a. the discount window or the term auction facility b. the discount window but not the term auction facility c. the term auction facility but not the discount window d. Banks cannot borrow from the Federal Reserve, only the government can.