Dumping Occurs When a Foreign Firm

question 20

Multiple Choice

Dumping occurs when a foreign firm

• A)sells inferior output to foreigners.
• B)disposes of waste material internationally.
• C)sells its output at a lower price in a foreign country than in the country where it produces the good.
• D)sells its exports at a lower price than its cost of production.
• E)pollutes international waters.

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Definitions:

Porcelain Objects

Items made from porcelain, a fine, white ceramic material known for its strength, translucency, and high resistance to chemical attack and thermal shock, used extensively for tableware and decorative arts.

Kaolin

Kaolin is a fine, white clay used in the production of porcelain and ceramics, as well as in paper making, paint manufacture, and other industrial applications due to its non-abrasive texture and color.

Stoneware

Pottery fired at high temperatures to produce a stonelike hardness and density.

Huang Gongwang

A Chinese painter during the Yuan Dynasty, known for his contributions to the landscape painting genre.