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A-LevelEconomicsInternational economic issues9708/12 · May/June 2012 · Q271 Mark

A government decides to reduce the quota on imported cars from 2000 to 1000 per year. What is likely to happen?

AThe balance of trade may improve.
BThe demand for the good will increase.
CThe good will become cheaper.
DThe government's revenue will decline.

✓ Correct answer

A: The balance of trade may improve.

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About this question

Topic
International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, May/June 2012 Paper 1 Variant 2, question 27.

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