Question

What is dumping?

A. Dumping is sending surplus products as aid to poor or disaster-stricken areas.
B. Dumping is hoarding scarce goods to cause an increase in price.
C. Dumping is disposing of food items that don’t meet food standards.
D. Dumping is exporting goods at prices that are lower than their value

Answer 1

Regulation of Trade: Mastery Test

Economics

Question #2

What is dumping?

A. Dumping is sending surplus products as aid to poor or disaster-stricken areas.

B. Dumping is hoarding scarce goods to cause an increase in price.

C. Dumping is disposing of food items that don’t meet food standards.

D. Dumping is exporting goods at prices that are lower than their value

The 100% correct answer is D.

Step-by-step explanation:

I took the test and this is 100% correct

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Answer 2

D. Dumping is exporting goods at prices that are lower than their value

Step-by-step explanation:

Dumping in international trade occurs when a company or country exports goods to another at a cheaper place than it sells in its domestic market. Dumping involves the export of a large number of products to gain a substantial market share in foreign markets.

Although dumping is not illegal, it may stifle the development of local industries. Domestic producers, especially infant-industries, cannot compete favorably with low-priced dumped products. Countries apply protective measures such as import tariffs and quotas to guide against dumping.