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WAEC Economics 2010 Question 44

Question 44

International Trade

Dumping means the selling of a good in a foreign market at a price that is

  1. A.below the home market price.
  2. B.above the home market price.
  3. C.equal to the home market price.
  4. D.able to clear the home market.
Show the answer and explanation

Answer: A (below the home market price.)

Explanation

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