China has been scrutinized for exporting shrimp into the United States at extremely low prices.The United States inspectors suspect that China is selling the shrimp at extremely low prices - possibly even lower than what Chinese consumers might pay.This practice is known as _______.

Question

Quizplus · Accepted Answer

The practice described in the scenario is called dumping, which is when a country exports goods at a lower price than they sell for in their domestic market or below the cost of production. This can harm domestic producers in the importing country, as well as distort markets and trade flows.

China Has Been Scrutinized for Exporting Shrimp into the United