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 is considered illegal under the World Trade Organization (WTO) rules. It involves a company exporting a product at a price lower than the price it normally charges in its own home market.

Which of the Following Statements Is TRUE