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:

Direct Method

A cash flow statement preparation approach that reports major classes of gross cash receipts and payments.

Cost of Goods Sold

An expense recorded to reflect the cost directly associated with producing the goods sold by a company.

Comparative Balance Sheets

Comparative balance sheets present the financial position of a company at two different points in time, allowing for analysis of changes and trends.

Inventory

The sum of all products and materials possessed by a firm, intended for either reselling or manufacturing.