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WAEC Commerce 2014 Question 29

Question 29

Foreign Trade

The practice of selling goods in foreign countries at lower prices than obtainable in the exporting country is known as

  1. A.entrepot trade.
  2. B.dumping.
  3. C.hedging.
  4. D.counter trade.
Show the answer and explanation

Answer: B (dumping.)

Explanation

Dumping is selling abroad more cheaply than at home.