Multiple choice

Which one of the following price determination processes is usually entertained in international trade?

  1. Non-tariff barriers

  2. Voluntary Export Restraints

  3. Dumping

  4. Preferential trade arrangements

  5. North American Free Trade Agreement
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Dumping is the pricing in the international market. It happens 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.

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