Which of the following is a disadvantage of foreign trade?

Assessment: WAEC SSCE - Commerce - 1996 (Objective) Subject: Commerce

Question 1 Report

Which of the following is a disadvantage of foreign trade?
Answer Details
One of the disadvantages of foreign trade is that it encourages dumping. Dumping occurs when a country exports goods at a price lower than their normal value in the domestic market, which makes it difficult for domestic producers to compete. Dumping can lead to the closure of domestic industries, loss of jobs and negatively impact a country's economy.
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