Hong Ltd., a Chinese firm, imports its goods into the United States and offers those goods for sale at "less than fair value." This is

Question

Hong Ltd., a Chinese firm, imports its goods into the United States and offers those goods for sale at "less than fair value." This is​

Quizplus · Accepted Answer

"Less than fair value" imports are classified as dumping which refers to the practice of exporting goods to another country at a price lower than their normal value. This can harm domestic producers in the importing country and distort trade patterns.

Hong Ltd, a Chinese Firm, Imports Its Goods into the United