By Tradition, Japanese Employers Cannot "Lay Off" Workers

question 210

Multiple Choice

By tradition, Japanese employers cannot "lay off" workers.As a result they have goods that they cannot sell on the domestic market without driving down prices.To minimize losses, they sell goods such as steel and televisions in foreign markets at prices well below those in Japan.This is called

• A)beggar my neighbor.
• B)helpfulism.
• C)strategic trade policy.
• D)dumping.

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Definitions:

Free Resource

A resource that is abundantly available and not limited by price mechanisms or ownership, making it freely accessible to all.

Demand Curves

A graphical representation that shows the relationship between the quantity of a good consumers are willing to buy and its price.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing to supply.

Landowners

Individuals or entities that hold legal ownership of land or real estate.