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JAMB Economics 1987 Question 41

Question 41

International Trade

Which of the following applies to a commodity sold abroad at a price lower than that in the producing country?

  1. A.Dumping
  2. B.Counter-trade
  3. C.Bilateral trade
  4. D.Trade liberalization.
Show the answer and explanation

Answer: A (Dumping)

Explanation

Dumping means selling a good abroad more cheaply than in the home market.