It costs a television manufacturer $1,000 to produce a plasma television. This manufacturer sells these televisions abroad for $750. This is an example of
A. dumping.
B. a trade-related economy of scale.
C. a negative tariff.
D. an export subsidy.
Answer: A
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The account that records changes in the U.S. government's holdings of foreign currency is the
A) capital and financial account. B) official settlements account. C) current account. D) U.S. official reserves account.
The above figure shows the marginal social benefit and marginal social cost curves of coffee in the nation of Kaffenia. When marginal social benefit is equal to the marginal social cost of coffee in Kaffenia
A) three hundred pounds per day will be produced and consumed. B) the efficient quantity of coffee is being produced and consumed. C) any decrease in coffee consumption or production would result in a deadweight loss. D) All of the above are correct.
In effect, people feel that driving is safer than flying and also prefer to do so because of _____
a. anchoring b. overconfidence c. status quo d. loss aversion e. familiarity
A line that rises at a 45 degree angle has a slope of
a. 0.45. b. 1. c. 45. d. 1/45.