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O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2019 · Q271 Mark

The US government decides to reduce the size of the quota on a good it buys from China. What is likely to happen?

AThe good will become cheaper in the US.
BThe US balance of trade will worsen.
CThe US government's revenue will decline.
DThere will be less of the good imported into the US.

✓ Correct answer

D: There will be less of the good imported into the US.

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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, May/June 2019 Paper 1 Variant 1, question 27.

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