The selling of a good or service abroad at a price below what is charged in the home market or below the cost of production is referred to as
A) recycling.
B) a quota.
C) dumping.
D) a tariff.

Question

Quizplus · Accepted Answer

Dumping is the act of selling a good or service at a lower price in an export market than it is sold for in the home market or below the cost of production, in order to gain a competitive advantage. This can harm domestic producers and is often considered a form of unfair trade practice.

The Selling of a Good or Service Abroad at a Price