Which of the following is not correct regarding dumping?
a. In the country where products are dumped, consumer surplus grows as a result of the dumping.
b. Dumping involves the selling of a product by foreign producers at a price lower than that in their own countries.
c. Critics of dumping recommend applying a tariff as the correct antidumping measure.
d. A major difficulty with dumping by firms in other countries is that it drives up prices to the domestic consumer.
e. Predatory dumping is often aimed at driving domestic producers out of business.
D
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If a city decides to restrict the number of pizza parlors,
A) the price of pizza will increase. B) pizza parlors will make higher profits. C) total welfare will decrease. D) All of the above.
The difference between U.S. financial regulation between the 1930s-to-1980 period and the 1980-to-2010 period is:
a. The earlier period was characterized by relatively loose government regulations and the later one was characterized by stricter government regulations. b.The earlier period was characterized by heavy use of the originate-to-distribute" strategy. c. The earlier period was characterized by recurring, nation-wide speculative housing bubbles. d. The later period was characterized by heavy use of securitization. e. All of the above.