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WAEC Economics 2004 Question 38

Question 38

International Trade

The act of selling goods in foreign markets at prices below those charged at home markets is called

  1. A.exchange
  2. B.specialisation
  3. C.dumping
  4. D.exporting
Show the answer and explanation

Answer: C (dumping)

Explanation

Dumping is selling abroad more cheaply than at home (often below cost).