The Practice of Charging High Prices for Products Sold in Home

question 10

Multiple Choice

The practice of charging high prices for products sold in home markets while selling the same products in foreign markets at low prices, which do not cover the costs of exporting, is known as

• A)price discrimination.
• B)price gouging.
• C)dumping.
• D)skimming.
• E)loading.

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Definitions:

Invertebrate Hormone

Hormones in invertebrates that regulate growth, metabolism, and development, similar to those in vertebrates but often with different functions and mechanisms.

Steroid

Lipid with four carbon rings, no fatty acid tails.

Exocrine Gland

Gland that secretes milk, sweat, saliva, or some other substance through a duct.

Endocrine Gland

Ductless gland; aggregation of hormone-secreting epithelial cells with associated connective tissue and blood vessels.