Dumping typically occurs because
A) the exporting country raises its prices to increase profits.
B) the exporting country usually is experiencing a recession and has excess production.
C) the importing country is experiencing a recession.
D) the importing country has assessed significant tariffs.
B
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Advocates of income inequality argue that government policy designed to lower the Gini coefficient significantly would likely cause, in the long run,
a. productivity growth b. the poor's share of national income to fall c. the income of the poor to decline d. equality of income e. saving and investment to rise
Fred Powell of TruLite makes a verbal pledge to every new employee that he will not lay off employees after they have worked for TruLite for two years and that TruLite will make all promotions internally. Why would Powell make such a pledge? Why is the pledge oral?
What will be an ideal response?
Which of the following explains economics as it should be?
a. microeconomics b. ideal economics c. delusional economics d. normative economics
If there are short-run profits in a perfectly competitive industry, in the long run new firms will ____________ and the industry-wide price will __________.
Fill in the blank(s) with the appropriate word(s).