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WAEC Economics 2020 Question 45

Question 45

International Trade

Dumping is selling goods in a foreign market at a price

  1. A.below what is sold at the home market.
  2. B.above what is sold at the home market.
  3. C.equal to what is sold at the home market.
  4. D.equal to the cost of producing the goods.
Show the answer and explanation

Answer: A (below what is sold at the home market.)

Explanation

Dumping is selling abroad more cheaply than at home.