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WAEC Commerce 2021 Question 14

Question 14

Foreign Trade

The practice of selling goods to a foreign country at lower prices than obtainable in the exporting country is

  1. A.speculation.
  2. B.skimming.
  3. C.hedging.
  4. D.dumping.
Show the answer and explanation

Answer: D (dumping.)

Explanation

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