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 establishes a price that cannot be met by domestic producers.
C. it discriminates between wealthy and poor countries.
D. it allows the exporting country to use poor quality materials.
Answer: B
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A manufacturing firm is deciding whether to invest in a new printer that needs an initial investment of $150,000. This will increase cash flows in the first year by $80,000 and $75,000 in the second year. If the interest rate is 10% then the net present value of these cash flows is
a) $5,000 b) - $9,091 c) -$15,290 d) -$21,901
Which of the following is characteristic of a perfectly competitive market? a. There is free entry into and exit from the market
b. Individual firms can exert a perceptible influence on the market price. c. Firms in the market produce a differentiated product. d. All of the above are true.
At the rate of output where a monopolist's marginal revenue equals zero, what is the price elasticity of demand for the monopolist's product or service?
a. Zero b. Unitary c. Infinity d. Indefinite
Bethany decides to get some build a chicken coop, get some chickens, and start selling fresh eggs in her neighborhood. This example describes which of the following characteristics of perfect competition?
A. large number of small firms B. homogeneous goods C. very easy entry and exit D. imperfect information