Which of the following is a criterion for determining whether a foreign nation is dumping?

a. The good is not produced at home.
b. The good is selling below the price in the exporting nation.
c. The good is priced below average total cost.
d. The good is selling below the price in the exporting nation or is priced below average total cost.

Ans: d. The good is selling below the price in the exporting nation or is priced below average total cost.

Economics

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Ernie's Earmuffs produces 200 earmuffs per year at a total cost of $2,000 and $400 of this cost is fixed. What is Ernie's total variable cost?

A) $2,400 B) $2,000 C) $1,600 D) $800

Economics

Social Security benefits could be reduced in each of the following ways except

A) cutting the promised monthly benefit. B) increasing the retirement age. C) investing the trust fund in the stock market. D) reducing the degree to which benefits are adjusted for inflation.

Economics