Dumping and Predatory Pricing

question 8

Multiple Choice

Dumping and predatory pricing

• A)might be components of strategic trade policy.
• B)were favored by David Ricardo.
• C)are promoted by the WTO.
• D)were denounced by Friedrich List.

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Definitions:

Trade Deficit

A situation where the value of a country's imports exceeds the value of its exports.

Exports

Goods or services sold by a country to buyers in another country.

Imports

Products or services imported from foreign countries for the purpose of selling.

Trade Deficit

A situation where a country's imports exceed its exports, indicating that it is buying more goods and services from abroad than it is selling.