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The Practice of Selling Goods in a Foreign Country at a Price Below Their Domestic Selling Price is Called - Current Affairs Including General Knowledge

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MCQ

The practice of selling goods in a foreign country at a price  below their domestic selling price is called

Options

  • discrimination

  • dumping

  • double pricing

  • predatory pricing

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Solution

The practice of selling goods in a foreign country at a price  below their domestic selling price is called dumping

Explanation:

In economics, "dumping" is a kind of predatory pricing, especially in the context of international trade.  It occurs when manufacturers export a product to another country at a price either below the price charged in its home market or below its cost of production.

Concept: Economic Current Affair (Entrance Exam)
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