GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Antidumping duties applied to imported goods
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result in lower-priced goods for domestic consumers
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are abolished by the World Trade Organization
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are imposed by industrial countries but not developing countries
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result in decreases in consumer surplus for domestic households
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Explanation:
Detailed explanation-1: -Dumping enables consumers in the importing country to obtain access to goods at an affordable price. However, it can also destroy the local market of the importing country, which can result in layoffs and the closure of businesses.
Detailed explanation-2: -Advantages of dumping The consumers in the domestic market enjoy reduced prices. They get more value for their money when dumping takes place in their market.
Detailed explanation-3: -Anti-Dumping and Countervailing Duties are extra import duties imposed on goods in addition to the normal duties that apply. These duties apply to imported goods that are sold in the European Union (EU) at prices substantially lower than their normal value.
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