When One Country "Dumps" Some of Its Products in Another

question 235

Multiple Choice

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

• A) increases the aggregate level of employment in the importing country, thereby depressing that nation's market wages.
• B) also exports new technology to the importing nation and thereby indirectly boosts the importing nation's real GDP.
• C) sells its products abroad at a price lower than the price in the home market or lower than the cost of production.
• D) also exports pollution-causing technologies and thereby creates environmental hazards in the receiving country.

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Definitions:

Relationship Management

The interpersonal skills of being able to communicate clearly and convincingly, disarm conflicts, and build strong personal bonds.

Disarms Conflicts

A strategy or action that reduces tension and resolves disagreements or disputes.

Cognitive Dissonance

Situation in which the pieces of knowledge, information, attitudes, or beliefs held by an individual are contradictory.

Contradictory

In direct opposition or conflict with something, creating inconsistency or a paradox.