Detailed explanation and options for the selected question.
What is the meaning of “dumping” in international trade?
A.
Selling goods in a foreign market at a price lower than their production cost
B.
Restricting imports to protect domestic industries
C.
Imposing high tariffs on imported goods
D.
Reducing export subsidies
Explanation:
Dumping involves selling goods in a foreign market at a price below their cost to gain market share. The other options describe different trade practices.