When a foreign competitor is able to unfairly sell a product at a lower price because it receives subsidies from the host government or exploits, lower labor or lower environmental standards, it is called:
A) Free market competition
B) Competitive advantage
C) Enterprise unionism
D) Social dumping

Question

Quizplus · Accepted Answer

Social dumping refers to the practice of a foreign competitor selling products at a lower price because it is able to exploit lower labor or lower environmental standards or receive subsidies from the host government, giving them an unfair advantage over competitors who adhere to higher standards. This can lead to job losses and market distortions in the affected industry.

When a Foreign Competitor Is Able to Unfairly Sell a Product