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JAMB Economics 2009 Question 36

Question 36

International Trade

Dumping in international trade means selling a good at a

  1. A.higher price at home than abroad
  2. B.lower price at home than abroad
  3. C.price that equates marginal cost with marginal revenue
  4. D.price above marginal cost abroad
Show the answer and explanation

Answer: A (higher price at home than abroad)

Explanation

Dumping is selling exports abroad more cheaply than at home, often below cost.