Author Question: Selling a product in a foreign nation at a price less than its cost of production is called A) ... (Read 50 times)

PhilipSeeMore · **on:** Jun 29, 2018

Selling a product in a foreign nation at a price less than its cost of production is called

A) infant-industry exploitation.
B) absolute advantage.
C) dumping.
D) net exporting.

Question 2

The European Commission believes that in 2016 exports of goods and services from Spain will be 22 times larger than in 2013. Irish exports are expected to have grown by 15 percent over the same period. If imports remain constant

A) the current account balance in both countries will become more positive.
B) the current account balance in both countries will become more negative.
C) there will be no change in the current account balance of both countries.
D) in both countries the capital and financial account balance will become more positive.