Which of the following statements is true?
A) Dumping is illegal under the rules of the WTO.
B) Dumping occurs when a foreign firm sells its exports at a higher price than its cost of production.
C) Both statements are true.
D) Neither of the statements is true.

Question

Quizplus · Accepted Answer

Dumping occurs when a foreign firm sells its exports at a lower price than its cost of production. Dumping is illegal under the rules of the WTO.

Which of the Following Statements Is True