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WAEC Economics 2007 Question 46

Question 46

International Trade

The practice of selling goods overseas and often below the cost of production is known as

  1. A.retailing
  2. B.dumping
  3. C.internal trade
  4. D.advertising.
Show the answer and explanation

Answer: B (dumping)

Explanation

Dumping is selling goods abroad below cost or below the home price.