Dumping refers to
A) exporting products that do not meet domestic safety standards.
B) selling inferior products to unsuspecting consumers.
C) illegally avoiding tariffs by selling products on the black market.
D) selling a product for a price below its cost of production.
Question 2
Refer to Figure 13-2. Ceteris paribus, an increase in workers and firms adjusting to having previously underestimated the price level would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
