Countervailing duty actions
a. give a rebate to the exporter.
b. impose punitive damages on importers.
c. are used in Communist countries that oppose Capitalism.
d. impose duties to offset dumping.
Question 2A manufacturer may charge different prices in different markets for the same product
a. to meet the needs of target consumers who have a limited purchasing power
b. to keep the product price competitive in markets that are actively targeted by competition
c. due to the fact that it offers discounts to wholesalers buying higher quantities
d. all of the above are reasons why a manufacturer may charge different prices
Question 3Functional innovations often rely on new technology that makes a product better than existing alternatives.
Indicate whether the statement is true or false
Question 4With regard to price controls, the term dumping refers to:
a. undermining competition c. discarding of excess inventory
b. selling products below fair value d. all of the above
Question 5A firm is vulnerable to competition from parallel imports if it
a. Engages in differential pricing.
b. Distributes through unauthorized channels.
c. a and b.
d. None of the above.
Question 6Innovations vary in how much behavioral change they require on the part of consumers.
Indicate whether the statement is true or false
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