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O-LevelCommerceGlobal trade7100/11 · Oct/Nov 2021 · Q161 Mark

This is a headline in a newspaper. EUROPEAN STEEL PRODUCERS UNABLE TO COMPETE WITH VERY CHEAP IMPORTS FROM CHINA What describes a country exporting goods below the market price?

Acomparative advantage
Bcompetitive trading
Cdumping
Dglobalisation

✓ Correct answer

C: dumping

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About this question

Topic
Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2021 Paper 1 Variant 1, question 16.

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