Which of the following statements about dumping is true?
A)Dumping is legal along as it is government subsidized.
B)The U.S has passed laws to make dumping illegal.
C)The United States has never been a victim of dumping.
D)Dumping is a form of export quota.
E)Dumping is a type of tariff

Question

Quizplus · Accepted Answer

Dumping, the practice of selling goods in a foreign market at a price below their cost of production or below their domestic selling price, is considered unfair trade by many countries, including the U.S. The United States has passed anti-dumping laws to protect domestic industries from such practices, making it illegal to dump goods in the U.S. market at unfairly low prices.

Which of the Following Statements About Dumping Is True