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O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2021 · Q291 Mark

The US imposed tariffs on cars and motorcycles from Germany. What is the effect of these tariffs?

Adecrease in inflation in the US
Bdecrease in trade between the US and Germany
Cincrease in profits of car and motorcycle producers from Germany
Dincrease in standards of living in the US and in Germany

✓ Correct answer

B: decrease in trade between the US and Germany

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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 2021 Paper 1 Variant 2, question 29.

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