It is difficult to determine if foreign companies are selling their products for prices below their costs of production because
A) domestic taxes increase the firms' costs but it is difficult to determine the incidence of these taxes.
B) the firms have no legal obligation to reveal this information.
C) costs are calculated in the firms' local currencies.
D) the true costs of production are difficult to calculate.
D
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The short-run aggregate supply curve is: a. upward-sloping
b. downward-sloping. c. horizontal. d. vertical.
The concept of the "best" level of pollution suggests that: a. increased concerns about pollution control shifted the marginal social cost curve to the left
b. the opportunity cost of reducing pollution may sometimes exceed the benefit. c. unregulated markets generally reduce pollution to efficient levels with marginal social cost equal to marginal social benefit. d. none of the above
Most of the world's population lives in
A. industrialized nations. B. newly industrializing countries. C. less developed countries. D. None of the choices are correct.
If Matt Taylor gets his $800 loan from the Paris First National Bank in cash rather than in the form of a new checkable deposit, the:
A. Paris First National Bank will get $800 in new reserves. B. Paris First National Bank will not get $800 in new reserves. C. assets of the Paris First National Bank will increase by $800. D. assets of the Paris First National Bank will decease by $88.