An exporter is said to be engaged in _______ if it _______ goods and services at a price _______ .
A) cut-throat competition: sells; below the price in the foreign market
B) retaliation; buys; above the price in the foreign market
C) dumping; sells; below the foreign costs of production
D) dumping; sells; below its own production cost
Ans: D) dumping; sells; below its own production cost
You might also like to view...
If the long-run aggregate supply curve is vertical,
A) the trade-off between unemployment and inflation cannot be permanent. B) the short-run Phillips curve must be vertical. C) the economy stays at the natural rate of inflation in the long run. D) unemployment and inflation are positively related in the long run.
Sarah's demand curve for shoes has the same slope as Pete's; however, it lies to the right of Pete's. An increase in the price of shoes will cause
A) Sarah to incur a greater loss of consumer surplus than Pete will. B) Pete to incur a greater loss of consumer surplus than Sarah will. C) Sarah and Pete to incur the same loss of consumer surplus. D) Sarah's demand curve to shift closer to Pete's.