Which of the Following Is Variously Defined as Selling Goods

question 89

Multiple Choice

Which of the following is variously defined as selling goods in a foreign market at below their costs of production or as selling goods in a foreign market at below their "fair" market value?

• A)Export restraint
• B)Dumping
• C)Local content requirement
• D)Ad valorem

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Definitions:

Ultra Vires

Acts performed outside or beyond the powers of the legal authority or corporation’s capabilities.

Consideration

Something of value that is exchanged between parties in a contract, making the agreement legally binding.

Illegal

Activities or actions that are prohibited by law and subject to penalties or punishment.

Majority

The condition or state of being greater in number, amount, or part; often refers to the age at which a person acquires full legal rights, or to a voting group having more than half the votes.