Refer to the diagram above, which represents a country's supply and demand for an internationally traded good
If PW is the world price, and a foreign country engages in dumping by selling at P1, the country's producer surplus will ________ by ________. A) increase; abcd
B) decrease; abcd
C) increase; bcd
D) decrease; a
D
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In 2001, Microsoft was found guilty of:
A. using anticompetitive means to maintain and broaden its "Windows" monopoly. B. monopolizing the market for word processing software. C. conspiring with Netscape and Sun to monopolize the market for Internet browsers. D. deliberately pricing Windows 95 and 98 below marginal cost to monopolize the market for operating systems for personal computers.
Why do free trade proponents applaud successful trade deflection?
A) It circumvents trade restrictions within regional trade blocs. B) It increases trade restrictions within regional trade blocs. C) It promotes more rules of origin laws. D) It decreases incentives for trade diversion.