HomeTestsSearchRankProfile
mediumMCQCompetitive Exam2026Economics
1 mark

Dumping refers to:

  1. A
    Expensive goods selling for low prices
  2. B
    Reducing tariffs
  3. C
    In abroad Sale of goods at a lower price, below their cost and price in their home market
  4. D
    In abroad buying of goods at low prices and selling at higher prices locally

Solution & Step-by-step Explanation

In international economics and trade, dumping is a predatory pricing strategy where a manufacturer exports a product to another country at a price below its normal value or below its production cost/domestic market price to eliminate foreign competition and gain market share.

Practice this question

Try it yourself before checking the explanation above.

Dumping refers to:
A
Expensive goods selling for low prices
B
Reducing tariffs
C
In abroad Sale of goods at a lower price, below their cost and price in their home market
D
In abroad buying of goods at low prices and selling at higher prices locally

Share This Question

International TradeEconomics

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Economics.

Browse TestsLeaderboard

Discussion