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Economics · May / June 2019 · Paper 12 · Question 27

2281Globalisation and trade restrictions

The US government decides to reduce the size of the quota on a good it buys from China. What is likely to happen?

  1. AThe good will become cheaper in the US.
  2. BThe US balance of trade will worsen.
  3. CThe US government's revenue will decline.
  4. DThere will be less of the good imported into the US.

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Correct answer: D. There will be less of the good imported into the US.

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