The industrial organization economics perspective assumes that the industry _____________ is the most important determinant of long-run profitability

A countervailing duty is a tariff that is levied to counteract

A) the dumping of goods in the domestic market by foreign firms. B) a sudden surge of imports which hurt a domestic industry. C) subsidies given to foreign firms by their own governments. D) the tariff on domestic goods that are enacted by foreign governments. E) low prices for imported goods that are made in countries with low wages.

Which of the following does NOT contribute to the choice of a policy of hyperinflation?

A) war B) increased price of energy paid to foreigners C) price of export commodities increase D) diminished ability to collect taxes