Explain dumping
What will be an ideal response?
Dumping is when a firm or industry sells products on the world market at prices below the cost of production.
Economics
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Inflation is defined as a sustained increase in an economy's price level
a. True b. False Indicate whether the statement is true or false
Economics
If an abatement standard is set to achieve allocative efficiency at the national level, then
a. that standard necessarily achieves allocative efficiency in all regions b. the standard cannot be optimal at the regional level unless the MSB and MSC for all regions are identical to one another c. all regions will abate below the optimal level d. at that abatement standard, all regions will face MSC higher than MSB
Economics