Which of the following arguments can be used to correctly defend the WTO’s position on retaliatory tariffs? Check all that apply. A countervailing duty protects import-competing producers. Convincing the government to impose antidumping duties is less costly than facing fair competition. Accusing foreign firms of dumping is less costly than producing goods competitively.

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Which of the following arguments can be used to correctly defend the WTO’s position on retaliatory tariffs? Check all that apply. A countervailing duty protects import-competing producers. Convincing the government to impose antidumping duties is less costly than facing fair competition. Accusing foreign firms of dumping is less costly than producing goods competitively.

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Anthougoid Anthougoid · Answer 1

Answer:

The arguments that can be used to correctly defend the WTO's position on retaliatory tariffs are:

Convincing the government to impose antidumping duties is less costly than facing fair competition.

Accusing foreign firms of dumping is less costly than producing goods competitively.

Explanation:

A government can impose anti-dumping duties on certain imports when it believes that the prices of the imports are below their fair market values. Truly, some exports have been found to export goods at prices significantly below their domestic market prices. Dumping shows that the export prices may even be below their production costs.