O-LevelCommerceGlobal trade7100/12 · May/June 2013 · Q201 Mark

How can a country attract the imports of goods that it cannot produce itself?

Aholding a trade fair

Bincreasing tariffs

Creducing customs duties

Dusing a quota system

✓ Correct answer

C: reducing customs duties

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2013 Paper 1 Variant 2, question 20.

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