Help Please answer multiple choice answer at bottom 1. Background Information Aa

Question

Help Please answer multiple choice answer at bottom 1. Background Information Aa Aa The anti-dumping argument is among the most consistently used justifications for restricting imports to the United States. Dumping occurs If a foreign firm sells products in the United States for significantly less than the sales price in the foreign firm's home market or for less than it costs the foreign firm to produce the good. Anti-dumping restrictions impose tarfs or quotas on the goods of foreign firms suspected of dumping. Although dumping undoubtedly occurs from time to time, the inappropriate use of anti-dumping restrictions abounds. U.S. firms in import-competing industries may petition the government to label low-cost foreign competitors as "dumpers" in hopes that the government will restrict competing imports. All too often, the claim of dumping will be applied to any foreign firm that manages to beat domestic competitors on price. By keeping low-priced foreign imports out, trade restrictions benefit U.S. firms in protected industries, but they also translate into higher prices and fewer options for U.S. firms and for consumers that purchase the protected products Read the article from the Milwaukee Journal Sentinel (June 29, 2008) in the box, and then answer the questions that follow. Hung-Up on Hanger Tariffs By Avrum D. Lank, Milwaukee Journal Sentinel June 29, 2008 The price of coat hangers is taking laundry operators to the cleaners Since March, when a tariff was imposed on hangers from China, their cost has skyrocketed Source: SXC.hu. "It happened like overnight," said Shirley Carlson, who has owned the Shorewood Queensway Dry Cleaners since 1977

Explanation / Answer

According to the above article, only M&B managed to remain in the hanger business. Tri-supplies and shanti industries had to exit the market.

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.