In international trade the term "dumping" means
A. selling goods in a home market for a price less than on the foreign market.
B. selling goods on the black market to avoid paying taxes.
C. selling goods in a foreign market for a price less than on the home market.
D. price discrimination by domestic producers.
Answer: C
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What characteristic do both human and physical capital share?
A) Both are controlled by the government. B) Current costs are incurred for future benefits. C) The use of both exhibits rivalry. D) They can easily be transferred to new ownership.
Which macroeconomic model dominated macroeconomic analysis from the early post-World War II era until the late 1960s?
a. The monetarist model b. The Keynesian model c. The classical model d. The new classical model e. None of the above
The forces that determine the cost of production are largely independent of the forces that shape demand
a. True b. False
Which of the following is correct regarding the discount rate?
a. It is the interest rate that commercial banks charge their most creditworthy customers. b. It is the interest rate that thrift institutions charge for home mortgages c. It is the interest rate at which depository institutions can borrow from the Federal Reserve. d. It is the interest rate set in the market for U.S. Treasury Bills. e. It is the prime interest rate.