O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2014 · Q291 Mark

Which change will increase the demand for imports?

AConsumer credit becomes more expensive.

BIncome tax rates increase.

CThe exchange rate appreciates.

DThe government increases tariffs.

✓ Correct answer

C: The exchange rate appreciates.

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About this question

Topic: International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2014 Paper 1 Variant 2, question 29.

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