Dumping typically occurs as long as the foreign producer sells its output at a price
A) above its total costs.
B) below its average total costs but above its average variable costs.
C) below its average variable costs.
D) above its average fixed costs but below its total variable costs.
B
Economics
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Using the midpoints formula, what would be price elasticity of demand for a gallbladder operation if the number of operations fell from 6,000 to 4,000 per week after its price increased from $6,000 to $10,000?
a. 0.25. b. 0.50. c. 0.80. d. 1.25
Economics
Most economists agree that the economy will adjust to a recessionary gap, but the adjustment process
a. is rapid and destabilizing. b. is moderately quick, but not as rapid as necessary. c. takes place solely on the supply side. d. is very slow.
Economics