Asked by
Ruben Alanis
on Dec 13, 2024
Verified
In international trade, dumping refers to
A) illegally disposing of unusable or damaged goods to avoid paying removal fees and/or taxes.
B) a firm selling damaged or unsalable goods below their original production cost.
C) a firm selling quality goods at significantly lower prices for the primary purpose of reducing inventory to make room for seasonal goods.
D) a firm selling quality goods at significantly lower prices for the primary purpose of reducing inventory to make room for newer or more expensive models.
E) a firm selling a product in a foreign country below its domestic price or below its actual cost.
Dumping
In international trade, the practice of exporting goods at prices lower than the home market prices, often considered unfair competition.
- Describe the process of dumping and its effects on global commerce.
Verified Answer
DW
Learning Objectives
- Describe the process of dumping and its effects on global commerce.