WAEC Economics 2011 Objective — Question 44
Question 44 of 50 from the West African Examinations Council (WAEC) Economics 2011 Objective paper, with the correct answer and a full explanation.
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Dumping means the selling of a good in a foreign market at a price that is
- A. A. below the home market priceCorrect
- B. B. above the home market price
- C. C. equal to the home market price
- D. D. able to clear the home market
Explanation
Dumping is a term international trade which means selling a commodity in abroad at a priced lower than the price it is sold at home.
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