O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2023 · Q271 Mark
It is cheaper for developed economies to buy some cereals from developing economies than to produce them domestically. What might reduce international trade in cereals?
ACereals become less popular with the population of developing economies.
BDeveloped economies place an embargo on cereal imports to prevent disease.
CGovernments tax cereal production in developed economies.
DProducers of cereals in developing economies are subsidised.
✓ Correct answer
B: Developed economies place an embargo on cereal imports to prevent disease.
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