To Respond to Claims of Dumping in U

question 69

Multiple Choice

To respond to claims of dumping in U.S. markets, or foreign government subsidies for production, the International Trade Commission (ITC) may:

• A) increase import tariffs on products that are being "dumped" in Third World markets
• B) exempt products from customs duties if the country of origin is attempting to decrease pollution
• C) allow "experimental" imports to enter duty-free until a market in the U.S. has been established
• D) impose a tariff on goods coming into the U.S. to eliminate the value of the subsidy
• E) impose import restrictions at the sole discretion of the ITC chairman

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Definitions:

Cultural Differences

Variations in the beliefs, values, habits, norms, and behaviors among people from different backgrounds and societies.

Individualistic Culture

A culture that emphasizes personal achievements and independence, valuing individual rights above group goals.

Pay Structures

The organization of different levels of pay for different jobs within a company, designed to maintain pay equity and competitiveness.

Organizational Performance

An analysis of a company's performance as measured against goals in areas such as financial results, customer satisfaction, social responsibility, and employee engagement.