O-LevelEconomicsInternational trade and globalisation2281/11 · May/June 2023 · Q281 Mark
A country imposes a quota on imported cars. What is the most likely outcome of this action?
Adecrease in the domestic output of cars
Bdecrease in the domestic price of cars
Can increase in the tax revenue from car imports
Dan increase in the total revenue of domestic car producers
✓ Correct answer
D: an increase in the total revenue of domestic car producers
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