Dumping involves a country selling its exports
A. to nations without a comparative advantage in producing the products.
B. to nations that regularly impose tariffs.
C. to nations that have no need for the products.
D. at a price lower than its cost of production.
Answer: D
You might also like to view...
The substitution effect from a fall in the price of a gallon of gasoline is shown in the above figure by the movement from
A) point A to point C. B) point A to point B. C) point B to point C. D) point A to point B and then to point C.
Globalization has most likely occurred for which of the following reasons?
a. International agreements and treaties between countries have encouraged greater trade. b. Expanding cultural connections between people around the world. c. Expanding economics connections between people around the world. d. Increased military spending.
If the price of gasoline rises, buyers will probably
A. spend less on gasoline since the supply for gasoline is probably inelastic. B. spend less on gasoline since the demand for gasoline is probably elastic. C. spend more on gasoline since the supply for gasoline is probably elastic. D. spend more on gasoline since the demand for gasoline is probably inelastic.
Price regulation of a natural monopoly may require subsidies.
Answer the following statement true (T) or false (F)