Economic Glossary | Dumping | Bankers Algo
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Series Funda

In the following question, one term in the number series is wrong. Find the wrong term.

21, 143, 165, 186, 209

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Economic Glossary

    Dumping

Selling the same good to a foreign country at a lower price, often below production cost, than that charged to the domestic buyers. Dumping usually occurs because -- (1) producers in one country are trying to stay competitive with producers in another country, (2) producers in one country are trying to eliminate the producers in another country and gain a larger share of the world market, (3) producers are trying to get rid of excess stuff that they can't sell in their own country, (4) producers can make more profit by dividing sales into domestic and foreign markets, then charging each market whatever price the buyers are willing to pay.


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Word of the day

Abscond(v)

Meaning:

To depart in a sudden and secret manner, especially to avoid capture and legal prosecution.

Synonyms: break, clear out, cut and run, decamp, disappear

Antonyms: abide, continue, endure, give up, remain

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405 sweets were distributed equally among the children in such a way that the number of sweets received by the child is 20% of the total number of children. How many sweets did each child received?

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