O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2022 · Q41 Mark

The US government introduces tariffs on steel imported from China. This increases the price of imported Chinese steel. Whose income would be likely to increase as a direct result? Chinese steel producers: yes, US government: yes Chinese steel producers: yes, US government: no Chinese steel producers: no, US government: yes Chinese steel producers: no, US government: no

AChinese steel producers: yes, US government: yes

BChinese steel producers: yes, US government: no

CChinese steel producers: no, US government: yes

DChinese steel producers: no, US government: no

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C: Chinese steel producers: no, US government: yes

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Topic: International trade and globalisation, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2022 Paper 1 Variant 1, question 4.

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