Question

What is dumping?

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

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

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

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

Answer 1

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

Answer 2

Answer: The answer is Dumping is exporting goods at prices that are lower than their value.

Explanation:

Dumping is when a nation’s businesses lowers the sales price of a product when it enters a foreign market to a level that is less than the price paid by local customers in the exporting country. Dumping is intentional because its motive is to destroy competitors. The price is raised when competitors are destroyed.