_____ are tariffs levied on imports sold below costs to drive domestic firms out of business.
A) Antidumping duties
B) Import quotas
C) Local content requirements
D) Voluntary export requirements

Question

_____ are tariffs levied on imports sold below costs to drive domestic firms out of business.
A) Antidumping duties 
B) Import quotas 
C) Local content requirements 
D) Voluntary export requirements

Quizplus · Accepted Answer

Antidumping duties are tariffs imposed on imports that are sold at a lower price than their fair value, typically to gain an unfair advantage in the foreign market. Dumping can cause harm to domestic producers by driving down prices, thus making it difficult for them to compete on a level playing field. The imposition of antidumping duties seeks to address this unfair practice by making imports more expensive and thereby protecting domestic firms from unfair competition.

_____ Are Tariffs Levied on Imports Sold Below Costs to Drive