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Economics · Oct / Nov 2020 · Paper 13 · Question 28

2281Globalisation and trade restrictions

What is most likely to discourage international specialisation and trade for an economy?

  1. Adecreasing labour supply
  2. Bdecreasing transport costs
  3. Cincreasing oil prices
  4. Dincreasing trade barriers

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Correct answer: D. increasing trade barriers

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