Dumping occurs when a foreign country sells its products at prices:
a. below their costs
b. below the prices for which they are sold in their domestic market.
c. higher than the price for which it is sold in their domestic market.
d. both (a) and (b)
d
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Local governments usually rely on the ________ tax to fund schools, libraries, and public services such as police and fire protection
A) payroll B) excise C) value-added D) property
Which statement best describes the two issues economists face when comparing the GDP of different nations?
a. The two issues economists face when comparing the GDP of different nations are natural resources and population. b. The two issues economists face when comparing the GDP of different nations are natural resources and tax codes. c. The two issues economists face when comparing the GDP of different nations are currency and natural resources. d. The two issues economists face when comparing the GDP of different nations are currency and population.
If the interest rates available on investments in two countries were the same, you would be less likely to invest in assets of the country: a. whose currency was likely to appreciate
b. whose currency was likely to depreciate. c. whose currency had the greatest exchange value. d. none of the above; it would not matter what was likely to happen to a country's currency exchange rate.
"Wants" as an economic concept includes
A) both material and nonmaterial desires. B) only the purchase of necessary basic goods. C) only the desire for luxury goods. D) only goods and services that consumers need but cannot afford to buy.