The term 'Dumping' refers to
1). The sale of a sub-standard commodity
2). Sale in a foreign market of a commodity at a price below marginal cost
3). Sale in a foreign market of a commodity just at marginal cost with too much of profit
4). Smuggling of goods without paying any customs duty
1. Microeconomics deals with the
3. Question 3:Why are employment generation programmes important in poverty alleviation in India?
4. If the price of Pepsi decreases relative to the price of Coke and 7-Up, the demand for
7. Question 2:What do you mean by the production possibilities of an economy?
8. Question 14:How does technological progress affect the supply curve of a firm?
9. An economic system combining private and state enterprise is called as _____
10. Question 3:What is a variable? Distinguish between a discrete and a continuous variable.