If a Foreign Producer Sells a Good in a Country

question 8

Multiple Choice

If a foreign producer sells a good in a country at a lower price than in its home market, this is called

• A)a countervailing duty.
• B)a tariff offset.
• C)dumping.
• D)a reverse tariff.

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Definitions:

Small Business Management

The ongoing process of owning and operating an established business.

Triggering Event

A specific occurrence that causes a process to start, or significantly impacts the course of an ongoing situation.

Product Opportunities

Potential areas or ideas within a market where a new product could be developed to meet a consumer need or demand.

Entrepreneur

An individual who initiates, organizes, and operates a business venture, assuming most of the risks and enjoying most of the rewards.