Dumping Occurs When

question 19

Multiple Choice

Dumping occurs when

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

---

Definitions:

Illusory Correlation

Illusory correlation is the cognitive bias of perceiving a relationship between variables, typically events or behaviors, even when no such relationship exists.

Censoring Dissent

The act of suppressing opinions that are contrary to those of the majority or in power, often seen in political, social, or cultural contexts.

Group Polarization

The phenomenon where the attitude of a group becomes more extreme than the initial attitude of its members following group discussions.

Outgroups

Groups of people not belonging to the main or dominant group, often perceived as different or outside the main group.