Dumping Occurs When

question 108

Multiple Choice

Dumping occurs when

• A)a product is exported to a foreign country because demand for the product domestically has waned.
• B)a company sells its exports to another country at a lower price than it sells the same product in its domestic market.
• C)prices for products are lowered to the point at which revenue just covers costs.
• D)a company charges less for a product than what customers are willing to pay.
• E)an abundance of inventory is sold off to discount retailers to recoup costs.

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Definitions:

Bubble Chart

A data visualization tool that displays multiple circles (bubbles) in a two-dimensional plot to represent the values of three variables for each observation; the position of each bubble on the horizontal and vertical axes indicates two of the values, while the size of the bubble represents the third.

Categorical Data

Data that represent characteristics and can be divided into groups or categories, which are not numerically quantifiable.

Ordinal Data

Refers to a type of data which is categorized into ordered levels but the differences between the levels are not necessarily consistent or measurable.

Interval Data

A type of data that not only categorizes variables but also quantifies the differences between these categories, where the intervals between values are interpretable.