The Fear Expressed by Domestic Producers Regarding Dumping Is That

question 30

Multiple Choice

The fear expressed by domestic producers regarding dumping is that:

• A) the low prices of imports will drive them out of business, eventually leaving the foreign competition free to raise prices.
• B) it violates international environmental protection regulations.
• C) it can lead to a trade war, which would force many foreign and domestic businesses into bankruptcy.
• D) by lowering the prices of imports, it reduces the revenues government can raise when imposing tariffs.

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Definitions:

Gold Coast

A region on the Gulf of Guinea in West Africa known for its gold exports; also the name of a historic British colony that became Ghana.

Slave Trade

The historical capturing, selling, and buying of human beings for the purpose of forced and unpaid labor, particularly prevalent across the Atlantic from the 16th to the 19th centuries.

Polygyny

Refers to a form of polygamy where a man is allowed to have more than one wife at the same time.

European Economic System

Refers to the complex set of economies of European countries, often associated with the European Union's economic policies and mechanisms for fiscal stability and economic cooperation.