When a good is put onto the global market at a price below the cost to produce it, this is known as

A) the infant-industry argument.
B) dumping.
C) a quota.
D) protection of domestic jobs.

B

Economics

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If consumers experience an increase in lifetime income, current spending will ________, current saving will ________, and future spending will ________

A) increase; increase; increase B) increase; decrease; decrease C) increase; decrease; increase D) increase; increase; decrease E) decrease; increase; increase

Economics

The classical labor supply function is shown as

a. Ns = g(P/W). b. Ns = g(W/P). c. Ns = t(W/Pe). d. Ns = t(Pe/W).

Economics