When one country "dumps" some of its products in another country,it
A)creates an environmental hazard in the receiving country.
B)sells its products abroad at a price lower than it costs to produce the goods.
C)increases the aggregate level of employment in the receiving country.
D)indirectly reduces its national income.

Question

Quizplus · Accepted Answer

Dumping refers to selling products in another country at a lower price than the cost of production, which can harm domestic producers in the receiving country. This can lead to reduced sales, loss of jobs, and a reduction in national income. It does not create an environmental hazard or increase the aggregate level of employment in the receiving country.

When One Country "Dumps" Some of Its Products in Another