Aggressive competition in the foreign market through exports by a domestic firm due to a protected home market is known as
A. seasonal dumping.
B. strategic dumping.
C. cyclical dumping.
D. persistent dumping.
Answer: B
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Which of the following prices could represent Sally's willingness to pay for a pair of shoes if she bought them for $45?
A. $15.00 B. $25.00 C. $44.99 D. $55.00
In games, rules:
A. define the actions that are allowed in a game. B. need to be loosely adhered to in order to predict an outcome. C. define the winners of a game. D. outline the wrong choices that could be made in a game.
Which statement is true?
A. Most blacks live in poor neighborhoods. B. Young black women are confronting a shrinking pool of "marriageable" (that is economically stable) men. C. It is clear that the basic cause of poverty in this country is public assistance. D. The United States has the smallest proportion of people living in poverty in the world.
Use the above table and assume a fixed cost of $200. At an output of 4, AFC is
A. $50.
B. $100.
C. $200.
D. $400.