Dumping is considered a practice that seriously harms domestic producers because
A) the quality of the dumped good is superior to that of the importing country.
B) it allows the exporting country to use poor quality materials.
C) it establishes a price that cannot be met by domestic producers.
D) it discriminates between wealthy and poor countries.
Answer: C
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Government typically solves the free-rider problem by using its
A) ability to print money. B) power of eminent domain. C) ability to borrow money from the Federal Reserve. D) power of taxation.
Inflation can be measured using either the GDP deflator or the consumer price index
a. True b. False Indicate whether the statement is true or false
In the above figure, suppose the economy is initially on the demand for money curve MD1. What is the effect of an increase in real GDP?
A) The demand for money curve would shift rightward to MD2. B) The demand for money curve would shift leftward to MD0. C) There would be a movement upward along the demand for money curve MD1. D) There would be a movement downward along the demand for money curve MD1.
Which of the following is an example of a discretionary fiscal policy action?
A) increasing government spending to deal with a recession B) a decrease in tax revenues as taxpayers' incomes decrease C) increasing the minimum wage rate D) raising regulations in the health care industry