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:

Installment Payment

A method of payment where the total cost is divided into smaller amounts, paid over a specified period of time.

Injunction

A legal directive compelling an individual or a group to initiate or halt a defined action.

Specific Performance

A legal remedy that compels a party to execute a contract according to its precise terms when monetary damages are inadequate.

Equitable Remedy

Judicial remedies granting relief based on fairness, including injunctions and specific performance, distinguished from remedies by way of monetary damages.