Selling a product in a foreign nation at a price less than its cost of production is called
A) infant-industry exploitation.
B) absolute advantage.
C) dumping.
D) net exporting.
C
You might also like to view...
If the marginal cost of producing a good is increasing as a firm produces more of the good, then which of the following must be TRUE?
A) AFC is rising. B) AVC is rising. C) MC > AVC. D) MPL is falling.
Markets will tends to produce too little of activities that generate positive externalities
a. True b. False
The demand curve for euros shows
a. a direct relationship between the dollar price of a euro and the quantity of euros demanded b. an inverse relation between the dollar price of a euro and the quantity of euros demanded c. that the higher the dollar price of a euro, the greater the quantity demanded d. that the more expensive it is to buy euros, the larger the quantity of European goods demanded by Americans e. that the dollar price of the euro is being held fixed by the European Union
The price elasticity of demand is a measure of the:
A. absolute changes in quantity demanded and price. B. responsiveness of quantity demanded to a change in price. C. steepness or slope of a demand curve. D. sensitivity of the quantity demanded for one good to a change in the price of another good.