O-LevelCommerceGlobal trade7100/12 · Oct/Nov 2020 · Q151 Mark

A company exporting goods may be faced with protectionism. What does this mean?

ACountries in a trading bloc may not buy the goods.

BIt will be compulsory to use a free port.

CLocal industries might fail.

DTariffs and quotas may be placed on the goods.

✓ Correct answer

D: Tariffs and quotas may be placed on the goods.

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2020 Paper 1 Variant 2, question 15.

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