The sale of merchandise in export markets at unfair prices is known as:
A)dumping.
B)countervailing.
C)tariff.
D)ad valorem.
E)transaction.

Question

Quizplus · Accepted Answer

Dumping refers to the practice of selling goods in a foreign market at a price that is lower than the normal value in the home market. This is often considered unfair because it can undermine local industries in the importing country.

The Sale of Merchandise in Export Markets at Unfair Prices