4.high income industrial nations such as the United States and Japan tend to have their highest tariffs in

a. Newer, high technology manufacturing industries

b. capital intensive, diversified manufacturing

c. agriculture, clothing, and textiles

d. automobile

5. Dumping occurs when a firm

a. sells too much of a good in a foreign country

b. sells in a foreign country at prices that are below fair value

c. Sells in its home market at prices that are below the average price charged by its competitors

d. sells inform market at prices that are below the prices charged by firms based in their foreign market