When one country "dumps" some of its products in another country, it
A) increases the aggregate level of employment in the importing country, thereby depressing that nation's market wages.
B) also exports new technology to the importing nation and thereby indirectly boosts the importing nation's real GDP.
C) sells its products abroad at a price lower than the price in the home market or lower than the cost of production.
D) also exports pollution-causing technologies and thereby creates environmental hazards in the receiving country.
C
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Diminishing returns occurs because
A) consumers don't buy enough of the products produced. B) one of the inputs in the production process is fixed. C) not enough people have jobs. D) two people have not satisfied their self-interests.
The argument that developing countries with lax environmental standards will attract foreign manufacturers who want to escape stricter standards in their own countries is known as
A) the pollution havens hypothesis. B) the escape clause hypothesis. C) the earth destruction hypothesis. D) the environmentally destructive hypothesis.
Our business cycle experiences suggest that a macroeconomic policy designed to lower the average rate of inflation will require ________ in actual real GDP and an accompanying ________ in the unemployment rate
A) an increase, increase B) an increase, decrease C) a reduction, increase D) a reduction, decrease
If bond prices rise in the secondary market,
a. the interest rate rises in the secondary market b. the interest rate rises in the primary market c. this has no impact on the primary market d. they fall in the primary market e. they also rise in the primary market