WAEC Economics 2020 Objective — Question 45
Question 45 of 50 from the West African Examinations Council (WAEC) Economics 2020 Objective paper, with the correct answer and a full explanation.
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Dumping is selling goods in a foreign market at a price
- A. below what is sold at the home marketCorrect
- B. above what is sold at the home market
- C. equal to what is sold at the home market
- D. equal to the cost of producing goods
Explanation
Dumping is the act of selling a product in a foreign country at a price lower than what is charged for the same product in the home/domestic market.
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