When a Foreign Firm Sells Its Exports at a Lower

question 181

Multiple Choice

When a foreign firm sells its exports at a lower price than its cost of production, the firm is

• A) avoiding a tariff.
• B) imposing an economies of scale cost.
• C) dumping.
• D) competing in an infant industry.

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Definitions:

Sales

The transactions of selling goods or services.

Scatterplot

A type of graph used in statistics to display values for two variables for a set of data.

Histogram

A histogram is a graphical representation used in statistics that shows the frequency distribution of a dataset by using bars of different heights or lengths.

Appliances Store

An appliances store is a retail establishment specializing in the sale of electrical or mechanical devices used in homes for tasks like cooking, cleaning, or food preservation.