In the United States, dumping is
a. encouraged because it lowers prices for consumers
b. prohibited by the Trade Agreement Act of 1979
c. discouraged by domestic consumers who benefit from the lower price
d. encouraged because it encourages competition
e. encouraged because it promotes expenditure on R&D
B
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According to the textbook, the dramatic global shift toward market capitalist economies in the 1980s and 1990s is in large part the result of:
A) an emphasis on individual ownership and decision making power yielding freedom not available under socialist systems. B) the philosophical and theoretical arguments of communism and socialism being finally proved correct. C) the realization that government controls will allocate resources on the basis of comparative advantage. D) a shift to more capital-intensive production.
When the British import more American goods, this event:
A. Increases the supply of American dollars B. Increases the demand for British pounds C. Decreases the supply of American dollars D. Increases the supply of British pounds