The cheapest way to produce a certain amount of output may vary between the short and long-run because:
a. all inputs can be adjusted in the long run.
b. all inputs can be adjusted in the short run.
c. input prices are fixed in the short run.
d. prices increase over the long-run.
A
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Dumping occurs when a firm
A) sells too much of a good in a foreign country. B) sells in a foreign country at prices that are below fair value. C) sells in its home market at prices that are below the average price charged by its competitors. D) sells in a foreign market at prices that are below the prices charged by firms based in the foreign market. E) charges more than a fair price.
Demand deposits multiplied by the required reserve ratio equal the amount of reserves
A. the Federal Reserve is required to hold. B. business firms are required to hold. C. a bank is required to hold. D. foreign investors are required to hold.