Asked by Morgan Hooper on May 14, 2024

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An "anti-dumping" statute:

A) is applied to both foreign companies and domestic companies which charge a higher price for products sold in the U.S. than the price charged abroad.
B) has been declared invalid because of the inherent discrimination against foreign corporations.
C) is administered by the FTC.
D) makes illegal the sale of exported goods from one country to another country at less than normal value.

Anti-Dumping Statute

Laws designed to protect domestic industries from foreign companies selling products at a price lower than their market value or cost of production.

Normal Value

A term used in international trade, referring to the price at which goods are sold in the domestic market of the exporting country.

  • Explain the systems established for controlling and addressing immoral business conduct in global commerce.
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RI
Ryley InmanMay 17, 2024
Final Answer :
D
Explanation :
Anti-dumping statutes are designed to prevent foreign companies from selling goods in another country at less than the normal value, which usually means selling goods at a lower price than in the home market or below the cost of production. This practice can harm domestic industries, and anti-dumping laws are meant to protect them. Choices A, B, and C are incorrect because anti-dumping laws specifically target the issue of selling goods at unfairly low prices, not higher prices, have not been declared invalid due to discrimination, and are typically administered by trade or commerce departments rather than the FTC.