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The practice of selling goods to a foreign country at lower prices than obtainable in the...

Commerce
WAEC 2021

The practice of selling goods to a foreign country at lower prices than obtainable in the exporting country is 

  • A. speculation
  • B. skimming
  • C. hedging
  • D. dumping
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Correct Answer: Option D
Explanation

Dumping in international trade refers to a situation of price discrimination, where a product is sold for a lesser price in the importing country than the price of that product in the market of the exporting country.

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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709