The production of capital goods, which are then used to produce consumer goods, is called
a. efficient production
b. intermediation
c. time preferences
d. roundabout production
e. derived production
Question 2
Dumping is the practice of
a. selling a lower quality product abroad
b. selling a commodity abroad at a price lower than the domestic price
c. selling a commodity abroad at a price higher than the domestic price
d. flooding a foreign market with large quantities of a good
e. most less-developed countries but not industrialized countries
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World Crude Oil Production, 1900–2010