The president of Auto Parts of America Corporation recently testified before Congress,urging them to limit the flow of imported automobile parts into the United States.He contended that these imports were priced lower than foreign producers were charging for them in their own countries.He believes foreign producers are:

Question

Quizplus · Accepted Answer

The concept of dumping refers to foreign producers selling their products in another country for lower prices than in their home country. This can be seen as a predatory pricing strategy that harms domestic producers. Therefore, the president's argument about imported automobile parts being priced lower than in foreign producers' countries suggests that these producers may be engaging in dumping practices.

The President of Auto Parts of America Corporation Recently Testified