The selling of a good or service abroad at a price below what is charged in the home market or below the cost of production is referred to as

A) recycling.
B) a quota.
C) dumping.
D) a tariff.

Answer: C

Economics

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Everything else held constant, if aggregate output is to the ________ of the IS curve, then there is an excess supply of goods which will cause aggregate output to ________

A) right; fall B) right; rise C) left; fall D) left; rise

Economics

To test the null hypothesis of a unit root, the ADF test

A) has higher power than the so-called DF-GLS test. B) uses complicated interative techniques. C) cannot be calculated if the variable is integrated of order two or higher. D) uses a t-statistic and a special critical value.

Economics