Economics · International Trade & Anti-Dumping Rules
Which of the following statements regarding the 'Normal Value' benchmark and the identification of dumping is INCORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1International rules specify that dumping is identified when the export price of a product is less than its normal value.
- 2When the home market price is not available, the cost of production plus a reasonable profit margin is used as the normal value benchmark.
- 3The Dumping Margin (%) is calculated by using the formula: [Normal Value - Export PriceNormal Value] × 100.✓
- 4The normal value is typically defined as the price charged for a commodity in the exporter's domestic market.
Correct answer
The Dumping Margin (%) is calculated by using the formula: [Normal Value - Export PriceNormal Value] × 100.
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