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O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2011 · Q271 Mark

In 2008, the government of Argentina imposed a tax on exports of wheat and soya beans. What was the most likely aim of this tax?

Ato increase agricultural output
Bto increase exports
Cto reduce a budget surplus
Dto reduce the rise in domestic food prices

✓ Correct answer

D: to reduce the rise in domestic food prices

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About this question

Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2011 Paper 1 Variant 1, question 27.

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