The president of Auto Parts of America testified before Congress, urging them to limit the flow of imported automobile parts into the United States. He contended that these imports were priced lower than foreign producers were charging for them in their own countries. He believes foreign producers are: A. dumping B. exercising trade deficits. C. promoting free trade. D. exhibiting ethnocentricity

Question

Rhett Knox

Business

16 February, 02:33

The president of Auto Parts of America testified before Congress, urging them to limit the flow of imported automobile parts into the United States. He contended that these imports were priced lower than foreign producers were charging for them in their own countries. He believes foreign producers are: A. dumping B. exercising trade deficits. C. promoting free trade. D. exhibiting ethnocentricity

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Answers (1)

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Andres Petersen · Answer 1

The answer is: A) dumping

Explanation:

Dumping refers to an international trade practice, where a company from country A will sell its products in country B at a lower price than its domestic market (country A).

Dumping is not illegal unless country B can show that it hurts its domestic producers of the same or equivalent products.