________ is defined in U.S.law as selling a product in a foreign country at a price that is less than fair value.

Question

Quizplus · Accepted Answer

Dumping refers to selling products in a foreign market at a price lower than the domestic market price or lower than the cost of production. It is considered unfair competition and is illegal under U.S. law. Subsidizing refers to providing financial aid or support to a company or industry. Countervailing refers to imposing import duties or tariffs to counteract the effects of foreign subsidies. Exporting simply refers to selling products to foreign countries.

________ Is Defined in U