JAMB Economics 2023 Objective — Question 21
Question 21 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2023 Objective paper, with the correct answer and a full explanation.
Advertisement
The act of selling a product at a lower price in a foreign country is regarded as
- A. (A) DumpingCorrect
- B. (B) Subsidies
- C. (C) Grants
- D. (D) Aids
Explanation
Dumping is selling a product at a lower price abroad than in the domestic market, often below cost.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.