When one country "dumps" some of its products in another country, it
A) increases the aggregate level of employment in the importing country, thereby depressing that nation's market wages.
B) also exports new technology to the importing nation and thereby indirectly boosts the importing nation's real GDP.
C) sells its products abroad at a price lower than the price in the home market or lower than the cost of production.
D) also exports pollution-causing technologies and thereby creates environmental hazards in the receiving country.
C
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Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is $4, what is the value of marginal product of the second worker?
A) $80 B) $20 C) $30 D) $180
Incentives to work and save are reduced when
a. income taxes are higher. b. consumption taxes replace income taxes. c. corrective taxes are implemented. d. All of the above are correct.