O-LevelEconomicsInternational trade and globalisation2281/12 · Oct/Nov 2024 · Q281 Mark

A government wishes to stop the dumping of a specific imported good at a very low price. Which method of protection would be most effective?

Aapply an embargo to this good

Bdevalue the currency

Cincrease interest rates

Dprovide subsidies to home producers of this good

✓ Correct answer

A: apply an embargo to this good

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Topic: International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2024 Paper 1 Variant 2, question 28.

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