Dumping occurs when a foreign country sells its products at prices:
a. below their costs
b. below the prices for which they are sold in their domestic market.
c. higher than the price for which it is sold in their domestic market.
d. both (a) and (b)
d
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If we observe an increase in the price of a good and an increase in the amount of the good bought and sold, this could be explained by
a. an increase in the supply of the good. b. an increase in the demand for the good. c. a decrease in the demand for the good. d. a decrease in the supply of the good.
Assume an economy with an upward-sloping aggregate supply curve and an MPC of 0.80. An increase in investment spending of $50 billion will most likely increase total income by
A. $200 billion. B. $40 billion. C. more than $200 billion. D. more than $50 billion but less than $250 billion.