A countervailing duty is a tariff that is levied to counteract
A) the dumping of goods in the domestic market by foreign firms.
B) a sudden surge of imports which hurt a domestic industry.
C) subsidies given to foreign firms by their own governments.
D) low prices for imported goods that are made in countries with low wages.
C
Economics
You might also like to view...
In perfect competition, the product of a single firm
A) has many perfect substitutes produced by other firms. B) has many perfect complements produced by other firms. C) is sold under many differing brand names. D) is sold to different customers at different prices.
Economics
Discuss and explain what is meant by the "state of technology."
What will be an ideal response?
Economics