Suppose the nation of Alphonia was charged with dumping electric lawnmowers in the nation of Omegalon. The charge of dumping electric lawnmowers in the Omegalon market means that Alphonia was accused of:
A. selling faulty electric lawnmowers in Omegalon.
B. selling electric lawnmowers below cost or below domestic prices.
C. selling counterfeit-branded electric lawnmowers in Omegalon.
D. discarding electric lawnmowers which would not sell in their home country.
Answer: B
Economics
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The net national product (NNP) can be obtained from the GDP by: a. subtracting depreciation
b. subtracting net income of foreigners and depreciation. c. including the net income of foreigners. d. subtracting depreciation and indirect business taxes.
Economics
Refer to the below graph. Which of the following statements is correct?
A. Demand is perfectly elastic
B. Demand perfectly inelastic
C. Supply is perfectly elastic
D. Supply is perfectly inelastic
Economics