Why is it difficult for one country to determine if another country is guilty of the practice of dumping?
What will be an ideal response?
Dumping is when a firm or industry sells products on the world market at prices below the cost of production. Since it is difficult to know precisely what the costs of production are for foreign firms this can only be done by making assumptions which rely on data known for the home industry.
You might also like to view...
If government spending decreases, which of the following would occur?
a. An increase in GDP, an increase in the price level, an increase in money demand, and an increase in the interest rate b. An increase in GDP, a decrease in the price level, an increase in money demand, and a decrease in the interest rate c. A decrease in GDP, a decrease in the price level, a decrease in money demand, and a decrease in the interest rate d. A decrease in GDP, a decrease in the price level, an increase in money demand, and an increase in the interest rate e. An increase in GDP, an increase in the price level, a decrease in money demand, and a decrease in the interest rate.
According to the law of demand there is ________ relationship between price and quantity demanded.
A. a positive B. either a positive or negative C. a constantly changing D. a negative