_____ is the sale of an exported product at a price lower than that charged for the same or a like product in the "home" market of the exporter
a. Exporting
b. Dumping
c. Boycotting
d. Contract manufacturing
ANSWER: b
Dumping is the sale of an exported product at a price lower than that charged for the same or a like product in the "home" market of the exporter. This practice is regarded as a form of price discrimination that can potentially harm the importing nation's competing industries.
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