O-LevelCommerceGlobal trade7100/11 · Oct/Nov 2023 · Q161 Mark

Why will consumers in a trading bloc country usually benefit from lower prices?

ADomestic companies will be allowed low interest loans by the government.

BHigh-priced imports from member countries will be banned.

CTaxes on imports from other member countries are abolished.

DThe government will pay subsidies to domestic companies.

✓ Correct answer

C: Taxes on imports from other member countries are abolished.

Oracle Prep sorts past-paper questions by topic, so you can drill Global trade and see which topics are most likely to come up next.

Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2023 Paper 1 Variant 1, question 16.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content