As It Relates to International Trade, Dumping

question 18

Multiple Choice

As it relates to international trade, dumping

• A)is a form of price discrimination illegal under U.S. antitrust laws.
• B)is the practice of selling goods in a foreign market at less than cost.
• C)constitutes a general case for permanent tariffs.
• D)is defined as selling more goods than allowed by an import quota.

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Definitions:

Virginia Plan

was a proposal by Virginia delegates for a bicameral legislative branch in the United States, presented at the Constitutional Convention of 1787.

Two-House Legislature

A bicameral legislative system that consists of two chambers or houses, typically found in democratic governments to ensure a check and balance in the law-making process.

Northwest Ordinance

A significant law passed in 1787 by the United States Congress to regulate the settlement of the Northwest Territory and laid the foundations for the creation of new states.

Territorial Governments

Administrative bodies established to govern territories that are not yet fully incorporated as states within a federal structure, such as the U.S.