O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2025 · Q281 Mark
What might an economist consider to be meant by the term dumping?
Aforeign firms exporting waste products
Bforeign firms producing goods at a lower cost than domestic firms
Cforeign firms selling goods that are out of fashion
Dforeign firms exporting products at a price below the cost of production
✓ Correct answer
D: foreign firms exporting products at a price below the cost of production
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