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Economics · May / June 2023 · Paper 11 · Question 28

2281Globalisation and trade restrictions

A country imposes a quota on imported cars. What is the most likely outcome of this action?

  1. Aa decrease in the domestic output of cars
  2. Ba decrease in the domestic price of cars
  3. Can increase in the tax revenue from car imports
  4. Dan increase in the total revenue of domestic car producers

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Correct answer: D. an increase in the total revenue of domestic car producers

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