In certain industries Japanese employers hesitate to lay off workers Therefore they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses they sell goods in overseas markets at prices well beneath those in japan This practice is best referred to as ?

Related Mcqs:

1. To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?

   A. an equality of trade position
   B. a favorable balance of trade
   C. a more open market
   D. a belief system

2. If the exchange rate between the UK and Japan changes from £1 = 100 yen to £1 = 150 yen then ceteris paribus, the price of UK goods in Japan ?

   A. will remain the same
   B. will decrease
   C. will increase
   D. could either increase of decrease

3. When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?

   A. Cost push theory
   B. Supply and Demand theory
   C. Fundamental theory
   D. Ricardo’s theory

4. The practice of going after a large share of a smaller market or subsets of a few markets is called ?

   A. undifferentiated marketing
   B. differentiated marketing
   C. concentrated marketing
   D. turbo marketing

5. Tariffs are used to protect infant industries these industries are those which ?

   A. employ many young or untrained workers
   B. are competing with well-established overseas firms
   C. are not yet large enough to achieve economies of scale
   D. use a new technology

6. From the perspective of the American public as a whole, export subsidies levied by overseas governments on goods sold to the United States ?

   A. help more than they hurt
   B. hurt more then they help
   C. are equivalent to an import quota
   D. are equivalent to an export quota

7. If your income doubles and the prices of the goods you buy double then your demand for these goods will likely?

   A. increase
   B. not change
   C. decrease
   D. shift

8. Marketers are sometimes accused of deceptive practices that lead consumers to believe they will get more value than they actually do. _____ includes practices such as falsely advertising factory of wholesale prices or a large price reduction from a phony high retail price ?

   A. Deceptive promotion
   B. Deceptive packaging
   C. Deceptive pricing
   D. Deceptive cost structure

9. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?

   A. Relative Advantage
   B. Complete Advantage
   C. Comparative Edge
   D. Comparative Advantage

10. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?

    A. Relative Advantage
    B. Complete Advantage
    C. Comparative Edge
    D. Comparative Advantage