Which company in the United States would likely be most concerned about Brazil’s dumg of steel in the U.S market ? A. General Motors, the manufacturer of automobilesB. Tennessee Mining Co. an iron-ore mining company C. Caterpillar Corp the producer…
A _______ allows a specified number of goods to be imported each year, and it not specifies from where the product is shipped and who is permitted to import ? A. import quota B. export quotaC. selective quota D. global…
According to the cost-based definition of dumg, dumg occurs when a firm sells a product abroad at a price that is less than ? A. average total cost B. average variable cost C. average fixed cost D. marginal cost
The form of dumg that represents the greatest potential net welfare loss the for importing national is ? A. predatory dumg B. sporadic dumg C. persistent dumg D. yearend dumg
A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ? A. domestic subsidy B. voluntary…
A production subsidy that is granted to a producer of an import-competing good ? A. does not require government taxes to finance it B. yields the same deadweight welfare loss as an import tariff or import quota C. has only…
international dumg may involve ? A. selling goods to foreigners at a price below that charged domestic consumers B. selling goods to foreigners at a price below the cost of production C. antidumg duties being levied on the imported, dumped…
Governments around the world tend to auction quota licenses ? A. neverB. seldom C. often D. always
________ are profits that accrue to whomever has the right to import the good that is restricted by the quota? A. quota licenseB. quota rents C. quota prices D. None of the above
Similar to import tariffs import quotas tend to result in ? A. higher prices and reduced imports B. increased government revenue C. increased consumer surplus D. decrease producer surplus