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.
d
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Answer the following statement true (T) or false (F)
Suppose a State of New Mexico bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 5.5%, how much is the bond worth today?
A. $651.60 B. $684.18 C. $718.39 D. $754.31 E. $792.02
According to the Uniform Commercial Code (UCC), if one or both parties are nonmerchants, additional terms proposed by the offeree automatically become part of the agreement unless the offer expressly limited acceptance to its own terms.
Answer the following statement true (T) or false (F)
Goods totaling $28,000 purchased February 2 on terms of 2/10, n/30 and on which returns of $1,000 were made on February 10 would be subject to which of the following discounts if paid for on February 12?
a. $540 b. $560 c. $580 d. $20