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WAEC Economics 2025 Question 46

Question 46

International Trade

Dumping of goods is not desirable since it leads to

  1. A.unemployment in the importing country.
  2. B.an increase in the wage bill of the importing country.
  3. C.an increase in tax revenues from local industries.
  4. D.production of more local goods.
Show the answer and explanation

Answer: A (unemployment in the importing country.)

Explanation

Cheap dumped goods drive local firms out and cost jobs.