A type of non-tariff barrier to trade that consists of selling large quantities of products in foreign countries below cost is referred to as:
A)dumping.
B)clearance selling.
C)bartering.
D)exporting.

Question

Quizplus · Accepted Answer

Dumping is the practice of selling a product in a foreign market at a price that is lower than the price charged for the same product in the domestic market. This is done to gain market share and drive out competitors in the foreign market, and it can be considered a form of unfair competition that distorts trade.

A Type of Non-Tariff Barrier to Trade That Consists of Selling