O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2019 · Q281 Mark

What is a disadvantage of trade protection of manufactured goods?

AIt can lead to retaliation from trading partners.

BIt encourages infant industries to grow.

CIt increases demand for domestic manufactured goods.

DIt reduces outflows of currencies to pay for imports.

✓ Correct answer

A: It can lead to retaliation from trading partners.

Practise more questions on this topic

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

About this question

Topic: International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2019 Paper 1 Variant 2, question 28.

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

Related Economics questions

International trade and globalisationMay/June 20111m

Which item would appear as a credit item in Pakistan's current account of the balance of payments?

International trade and globalisationMay/June 20111m

A government may use customs barriers to restrict free trade. What is an economic reason for doing this?

International trade and globalisationMay/June 20121m

After more than 70 years of production, a German car manufacturer, Volkswagen, has decided to locate the production o…

Government and the macroeconomyMay/June 20131m

In the first six months of 2011 a construction company, Morgan Sindall, saw its profits fall. Part of the reason was …

Government and the macroeconomyMay/June 20131m

A government wants to reduce basic food prices without making the current account of the balance of payments worse. W…

Economic developmentMay/June 20131m

In developed economies there are changing patterns of employment. What explains why fewer work in agriculture but foo…

← Browse all past-paper questions