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Economics · May / June 2022 · Paper 11 · Question 4

2281Globalisation and trade restrictions

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?

  1. Ayes / yes
  2. Byes / no
  3. Cno / yes
  4. Dno / no

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Correct answer: C. no / yes

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