Question

"In the context of international trade, _____ is defined as selling goods in a foreign market at a price below their costs of production or as selling goods in a foreign market at below their "fair" market price."

Answer 1

Full question:

In the context of international trade, _____ is defined as selling goods in a foreign market at a price below their costs of production or as selling goods in a foreign market at below their "fair" market price.

A. monopolizing

B. dumping

C. slashing

D. subsidizing

Answer:

In the context of international trade,dumping  is defined as selling goods in a foreign market at a price below their costs of production or as selling goods in a foreign market at below their "fair" market price.

Explanation:

Dumping is a phase practiced in the circumstances of international trade. It's when a country or company transports a product at a cost that is cheaper in the foreign importing market than the cost in the exporter's national market.

The most significant benefit of dumping is the capacity to overwhelm a market with production costs that are often deemed unlawful. Dumping is deemed a kind of price differentiation. The primary power of trade dumping is the capacity to penetrate a market with production values that are usually considered improper.