International Trade Theories and Policies, Exams of Science education

International Trade Theories and Policies, Exams of Science education




Anti - dumping laws - ANSWER- allows domestic producers to ask for tariffs to
be imposed on foreign goods that are priced below the fair market price

- producer is selling below the cost of production



Sporadic Dumping - ANSWERoccurs when a firm unexpectedly finds itself
with unsold goods



Predatory dumping - ANSWERoccurs when a firm wants to run its
competitors out of business in order to achieve market power



International price discrimination - ANSWERoccurs when a firms changed
different prices in different countries because of different market conditions



Dumping - ANSWERis a process where a company exports at a price lower
than the fair market price