Column $$A$\_\_\_\_1.$ Comparative Advantage $\_\_\_\_2.$ Tariff $\_\_\_\_3.$ Quota $\_\_\_\_4.$ Dumping Column $$B$$

$\_\_\_\_$ A$.$ A legal limit imposed on the amount of a good

that may be imported.

$\_\_\_\_$ B$.$ The sale of goods abroad at a price below

their cost and below the price charged in

the domestic market.

$\_\_\_\_$ C$.$ A tax on imports.

$\_\_\_\_$ D$.$ The advantage a country has when it can

produce a good at lower opportunity cost

than another country can.a$.$ Examples of products under U$.$S$.$ import Quotas: Sugar,

Tobacco, Peanuts, Cotton, Beef, Tuna, Dairy products$($Baby

Formula and powdered milk$).$

b$.$ U$.$S$.$ revised $($lowered$)$ the import taxes imposed on solar

products imported from China in July $2015$ which was originally

imposed in $2012$ to help prevent dumping by Chinese companies,

according to Bloomberg business news.

c$.$ China was accused of dumping cheap shrimp to gain market

share in the U$.$S$.$ in October $2015$ according to the WTO.

d$.$ U$.$S$.$ companies hire Indian workers as help desk service

providers because of the advancement of IT that makes long

distance calls very cheap even though their English language skill is

not up to par with their U$.$S$.$ counter parts.