The Requirements for Import Relief Under U

question 54

Multiple Choice

The requirements for import relief under U.S.law include all of the following except:

• A) Increased imports.
• B) Imports are substantial cause of serious injury or threaten injury.
• C) Domestic industry produces a product that is like or directly competitive with the import.
• D) Circumstances causing this situation were unforeseen.

---

Definitions:

Price Declines

A reduction in the market price of goods, services, or securities.

Physical Inventory

The process of counting all physical merchandise or stock in a store or warehouse to verify records and ensure accuracy in financial accounting.

Balance Sheet

A balance sheet is a financial statement that provides a snapshot of a company’s financial position, showing its assets, liabilities, and equity at a specific point in time.

Income Statement

A financial statement that shows a company's revenues and expenses over a particular period, resulting in a profit or loss.