Author Question: Russia is a member of the G8. Indicate whether the statement is true or ... (Read 121 times)

pragya sharda · **on:** Jun 29, 2018

Russia is a member of the G8.

Indicate whether the statement is true or false

Question 2

Pricing products only minimally above cost does NOT constitute dumping.

Indicate whether the statement is true or false

paavo · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

T
Members of the Group of Eight (G8) most industrialized countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. This group is referred to as the G7 or the G8, which signifies G7 plus Russia.

Answer to Question 2

F
The United States Department of Commerce considers that dumping takes place even if products are priced only minimally above cost, or at prices below those charged in the producing country.