During the first 6 months of 2008, the European Union (EU) initiated an anti-dumping case against China for imports of taper candles. What is dumping?
A) when China sells its candles to the EU at a lower price than China's cost of production
B) when China does not pay the tariff on the candles
C) when China sells its candles to the EU at a lower price than other producers
D) when China tries to sell more candles to the EU than is allowed by the import quota

Question

Quizplus · Accepted Answer

Dumping occurs when a country exports a product at a price lower than the cost of production, which can harm the importing country's local industry by undercutting local prices.

During the First 6 Months of 2008, the European Union