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What is "Dumping" in the context of international trade?
  • a)
    Selling products at higher prices in foreign markets
  • b)
    Exporting goods above their production cost
  • c)
    Selling goods below their production cost in foreign markets
  • d)
    Exceeding the agreed-upon quota in trade agreements
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is "Dumping" in the context of international trade?a)Se...
Dumping is a trade practice where a country exports goods to another country at prices lower than their production cost or the domestic market price. This can harm domestic industries in the importing country, distort competition, and lead to trade disputes.
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What is "Dumping" in the context of international trade?a)Selling products at higher prices in foreign marketsb)Exporting goods above their production costc)Selling goods below their production cost in foreign marketsd)Exceeding the agreed-upon quota in trade agreementsCorrect answer is option 'C'. Can you explain this answer?
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