Anti-Dumping Protection

Steps:

• Recognize selling below production cost as dumping, an unfair trade practice.
• Note that higher tariffs counter dumping by raising import prices.
• Determine goal: Shield domestic steel industry from cheap foreign competition.
• Confirm tariff targets Y's behavior without broader economic aims.

Why B is correct:

• Dumping defined by WTO as exporting below normal value (e.g., cost of production) to undercut competitors; tariff raises price to prevent market flooding.

Why the others are wrong:

• A: Irrelevant or unspecified option not tied to dumping response.
• C: Tariff affects X's market, not Y's inflation.
• D: Primary aim is industry protection, not inflation control.

Final answer: B