If a Manufacturer Sells Goods Abroad for Less Than They

question 30

Multiple Choice

If a manufacturer sells goods abroad for less than they sell for at home, which of the following is true?

• A)An embargo has been established.
• B)A quota has been established.
• C)The manufacturer is engaged in dumping.
• D)There has been an improvement in the terms of trade.
• E)Tariffs have been reduced.

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Definitions:

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method, or decision.

Catastrophic Events

Large-scale disasters or tragedies that cause significant damage, loss, or change, often with widespread impact.

Plane Crashes

Tragic accidents involving the failure and crash of an aircraft.

Cognitive Dissonance

A mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time, leading to an alteration in one of the attitudes, beliefs, or behaviors to reduce the discomfort and restore balance.