Question

What does the term ”dumping” mean?

A) the abandoning of trash generated in factories

B) when a business spends all of its profits on building new factories, in an effort to increase production

C) when a business sells all of its goods in one location, with the hope of increasing supply and prices

D) when a business sells goods for less than they are worth, in an effort to drive competitors out of business

Answer 1

D is the correct answer

Dumping is a term used in the context of international trade. It's when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter's domestic market.