Asked by Yating Zhong on Jun 08, 2024
Verified
Dumping involves a country selling its exports
A) at a price lower than its cost of production.
B) to nations without a comparative advantage in producing the products.
C) to nations that regularly impose tariffs.
D) to nations that have no need for the products.
Dumping
The practice of selling a product in a foreign market at a price lower than the production cost or domestic market price, often to gain market share or dispose of surplus.
- Describe the fiscal effects stemming from the act of dumping and the enforcement of anti-dumping strategies.
Verified Answer
DA
Darryl Anne LaurenteJun 10, 2024
Final Answer :
A
Explanation :
Dumping occurs when a country sells its exports at a price lower than its cost of production, often to gain market share in a foreign market.
Learning Objectives
- Describe the fiscal effects stemming from the act of dumping and the enforcement of anti-dumping strategies.