Question

As it relates to international trade, dumping: A. is defined as selling more goods than allowed by an import quota. B. constitutes a general case for permanent tariffs. C. is the practice of selling goods in a foreign market at less than cost. D. is a form of price discrimination illegal under U.S. antitrust laws.

Answer 1

Answer:

C. is the practice of selling goods in a foreign market at less than cost.

Explanation:

As it relates to international trade, dumping is the practice of selling goods in a foreign market at less than cost. Dumping is the practice of selling a product in a foreign market at an unfairly low price (a price that is lower than the cost in the home market) or in order to gain some advantage over the other suppliers.