JAMB Economics 2009 Objective — Question 36
Question 36 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2009 Objective paper, with the correct answer and a full explanation.
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Dumping in international trade means selling a good at a
- A. higher price at home than abroad
- B. lower price at home than abroadCorrect
- C. price that equates marginal cost with marginal revenue
- D. price above marginal cost abroad
Explanation
Dumping is the practice of selling goods at cheaper price abroad than the price in the local market.
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