Under U.S.law, a(n) ___________duty is levied when the U.S.Department of Commerce determines a class or kind of foreign merchandise is being sold at less than fair value (LTFV).

Question

Quizplus · Accepted Answer

Antidumping duty is levied when the U.S. Department of Commerce determines that a class or kind of foreign merchandise is being sold at less than fair value (LTFV). Dumping refers to selling goods in the United States for less than their fair value, while below-cost sales refer to selling goods below their production cost. Margin of dumping denotes the amount by which the normal value of the product exceeds the export price. However, the correct answer to the question is antidumping.

Under USLaw, A(n) ___________Duty Is Levied When the U