By tradition, Japanese employers cannot "lay off" workers.As a result they have goods that they cannot sell on the domestic market without driving down prices.To minimize losses, they sell goods such as steel and televisions in foreign markets at prices well below those in Japan.This is called

Question

Quizplus · Accepted Answer

The scenario described in the question is an example of "dumping," which is the practice of selling goods or services in a foreign market at a price that is below the cost of production or below the price charged in the domestic market. This practice is generally viewed as unfair competition and is sometimes the subject of anti-dumping laws and regulations.

By Tradition, Japanese Employers Cannot "Lay Off" Workers