O-LevelEconomicsInternational trade and globalisation2281/12 · May/June 2021 · Q271 Mark
What is the most likely benefit for a low-income economy if it removes tariffs on imported goods and services?
Amore choice for domestic consumers
Bmore employment in declining industries
Cmore exports by domestic firms
Dmore tax revenue from imports
✓ Correct answer
A: more choice for domestic consumers
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