O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2015 · Q281 Mark

A country imposes tariffs and quotas on imported goods. What will citizens of that country experience?

Ahigher prices

Bhigher welfare

Chigher unemployment

Dwider consumer choice

✓ Correct answer

A: higher prices

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Topic: International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2015 Paper 1 Variant 2, question 28.

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