When a Firms "Dumps" Some of Its Products in Another

question 196

Multiple Choice

When a firms "dumps" some of its products in another country, it

• A) creates an environmental hazard in the receiving country.
• B) sells its goods abroad at a price lower than it costs to produce the goods.
• C) increases the total level of employment in the receiving country.
• D) is specializing according to comparative advantage.

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Definitions:

Heredity

The genetic transmission of traits from parents to offspring.

Stage Theory

A theory of development characterized by hypothesizing the existence of distinct periods of life. Stages follow one another in an orderly sequence.

Distinct Periods

Separate or clearly differentiated intervals of time or stages in a process or series of events.

Binet

is associated with Alfred Binet, a French psychologist best known for developing the first intelligence test, aimed at identifying students needing educational assistance.