Question

question what is dumping? answer it is a total restriction on an import or an export. it is a tax on a foreign good. it is a limitation on the amount of an import allowed to enter a country. it is selling a product at a price below its cost in a foreign country to drive competitors there out of business. i dont know yet submit

Explanation:

To determine the correct answer, we analyze the definition of "dumping" in international trade (a key concept in Business, specifically Economics/International Business). Dumping is when a company sells a product in a foreign market at a price below its production cost to eliminate competitors. Let's evaluate the options:

• Option 1: Describes a quota or embargo (not dumping).
• Option 2: Describes a tariff (tax on imports, not dumping).
• Option 3: Describes a quota (limit on import quantity, not dumping).
• Option 4: Matches the definition of dumping (selling below cost in a foreign market to drive out competitors).
• Option 5: Is not a valid answer for the definition.

Answer:

The fourth option (the one with the circle next to "It is selling a product at a price below its cost in a foreign country to drive competitors there out of business.")