Economics · Economy
The term 'dumping' in international trade refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Export of inferior quality goods to developing nations
- 2Government subsidy given to domestic producers to boost exports
- 3Selling goods in foreign markets at prices lower than their domestic market price✓
- 4Importing bulk commodities at highly concessional tariff rates
Correct answer
Selling goods in foreign markets at prices lower than their domestic market price
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