Dumping of Goods Abroad

question 22

Multiple Choice

Dumping of goods abroad

• A) constitutes a general case for permanent tariffs.
• B) may be part of a firm's price discrimination strategy.
• C) may be part of a nation's strategy to rectify its trade deficit.
• D) drives up prices of the dumped goods.

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Definitions:

Phone Operators

Individuals or companies that provide telecommunication services, including voice and data transmission.

Automated Answering Services

Technology-based services that provide callers with pre-recorded responses or routing options, often used in customer service.

VMPL

Stands for the Value of Marginal Product of Labor, which is the additional revenue a firm earns by employing one more unit of labor.

Profit

The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.