1 occurs when a firm cuts prices below production costs in

Assignment Help Macroeconomics
Reference no: EM13378131

1.________ occurs when a firm cuts prices below production costs in a deliberate attempt to drive competitors out of business.
a. Voracious dumping
b. Ravaging dumping
c. Predatory dumping
d. Deliberate dumping


2.If a country bans the importation of a particular good, the market equilibrium is shown by the intersection of the foreign demand curve and the domestic supply curve.
True
False


4.The argument that calls for the trade protection of only newly developing industries is known as the ________ argument.
a. learning by doing
b. predatory dumping
c. infant industry
d. developing nation


6.Which of the following trade agreements provides for the development of a single market among its members?
a. North American Free Trade Agreement
b. World Trade Organization
c. European Union
d. Asian Pacific Economic Cooperation


8.An import quota, 
a. limits the amount of a good that can be imported, thus decreasing prices.
b. limits the amount of a good that can be imported, thus increasing prices.
c. increases the amount of a good imported, thus decreasing prices.
d. increases the amount of a good imported, thus increasing prices.


9.Suppose Panama produces only two goods, bananas and hats. If Panama has a comparative advantage in bananas, a move toward free trade will, 
a. harm hat workers, benefit banana workers, but benefit the nation as a whole.
b. harm hat workers, harm banana workers, but benefit the nation as a whole.
c. benefit hat workers, harm banana workers, but harm the nation as a whole.
d. benefit hat workers, harm banana workers, but benefit the nation as a whole.


10.An import quota is the same as an import ban. 
True
False

Reference no: EM13378131

Questions Cloud

Rcall partial equilibrium market model qda1b1p qs a2b2p : recall partial equilibrium market model qda1b1p qs a2b2p qd qs-qd quantity demanded-qs quantity supplied-p
Services at december 31 2011 are listed belowaccounts : services at december 31 2011 are listed belowaccounts payable12000j. trendsetter capital 111110000accounts
Say you are the manager of a perfectly competitive firm : say you are the manager of a perfectly competitive firm selling a product. your business is making a loss because total
1which of the following situations will arise in the : 1.which of the following situations will arise in the domestic market following the removal of an import quota? a.
1 occurs when a firm cuts prices below production costs in : 1. occurs when a firm cuts prices below production costs in a deliberate attempt to drive competitors out of business.
Mick and donald run a fast food outlet on queen street for : mick and donald run a fast food outlet on queen street. for most of the day mick and donald are able to keep up with
Countries x and y differ in population growth rates and : countries x and y differ in population growth rates and rates of investment.country x investment or savings is 20 of
A country is described by the solow model with a production : a country is described by the solow model with a production function y k12 where y is output per worker and k is
Explain why the management accounting information from : explain why the management accounting information from the traditional responsibility accounting system fails

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd