Which of the Following Is an Example of an Antidumping

question 53

Multiple Choice

Which of the following is an example of an antidumping duty?

• A) A tariff is granted because foreign firms are selling below cost.
• B) A temporary tariff is granted to allow for adjustment of the domestic industry.
• C) A tariff is granted to an industry because foreign firms are subsidized by their governments.
• D) A tariff is granted to an industry because another nation persistently uses unfair trade practices.

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Definitions:

Government Regulation

The imposition of rules by government, backed by the use of penalties that are intended to modify the economic behavior of individuals and firms in the private sector.

Union Shop Agreements

Agreements requiring all employees in a particular company or industry to become union members as a condition of their employment.

Agency Shop Agreements

A form of union security agreement where employees are not required to join the union, but must pay union fees as if they were members.

Union Security Clause

A provision in a labor contract that requires employees to join the union within a certain time frame as a condition of employment.