Question

barriers to trade are also adopted in order to protect domestic industries from foreign competition. the text below describes an example of policies designed to prevent a trade practice known as dumping. complete the text.
a foreign producer might try to gain an advantage over domestic producers by dumping its products, which means selling goods at a price lower than their actual value. since the foreign good is cheaper, people are more likely to buy the foreign good domestic good. as a result, the foreign company gains customers and may drive rs out of business.
to protect domestic producers, a country might impose anti - dumping duties. these are tariffs on goods from countries that have been found to be dumping their products. the extra tax increases the price of the foreign product, making people more likely to buy the domestic good instead.

Explanation:

The text is about trade policies related to dumping. When a foreign producer dumps (sells at a lower - than - actual - value price), the foreign good is cheaper. Consumers, being price - sensitive, are more likely to buy the cheaper foreign good. This gives the foreign company an advantage over domestic producers. To counter this, anti - dumping duties (tariffs) are imposed. These tariffs increase the price of the foreign product. As a result, the domestic good becomes relatively more attractive in terms of price, and people are more likely to buy the domestic good.

Answer:

For the first blank: foreign good.
For the second blank: domestic producers.