Country y exports a good to country x where it is sold at $15 per unit. the same good is sold in the home market at $17 per unit and in another market at a higher price still. industry experts in country x claim that the good is being dumped and the government should intervene and protect the domestic industry. which of the following, if true, would weaken the argument that dumping has occurred?
a. country x was recently accused of dumping a good on it neighboring country. b. country x has always believed in protecting its domestic producers against undue foreign competition. c. imports in country x have traditionally been low. d. the price of the local variety of the same good is lower than the imported variety. e. the domestic industry producing the same good generates a lot of employment.

answer; (identity theft);

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

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