In determining if a sale is less than fair value,the International Trade Administration:
A) determines if the dumped product is being sold below its cost of production.
B) determines the fixed and variable overhead costs of the dumped product to see what profit the dumping company should expect.
C) compares the foreign market value of the imported product with the U.S. price.
D) none of these are correct.

Question

Quizplus · Accepted Answer

The International Trade Administration compares the foreign market value of the imported product with the U.S. price to determine if a sale is less than fair value. Option A refers to determining if the product is being sold below its cost of production, which may be a factor in determining whether a product is being dumped but is not the sole determining factor. Option B refers to determining the overhead costs of the product, which is also not the sole determining factor in whether a sale is less than fair value. Option D is incorrect as at least one of the options is correct.

In Determining If a Sale Is Less Than Fair Value,the