Economics · International Trade
In international trade, what does the term 'dumping' refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Selling expensive luxury goods at low prices in domestic markets
- 2Buying goods abroad at low prices and selling them at higher prices locally
- 3Selling goods in a foreign market at a price below their cost of production or home market price✓
- 4Reducing import tariffs to encourage free trade
Correct answer
Selling goods in a foreign market at a price below their cost of production or home market price
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