Economics · May / June 2023 · Paper 12 · Question 28
2281Globalisation and trade restrictions
Country X exports steel to country Y at a price below its cost of production. This has led to a fall in demand for steel produced in country Y. What is a method of trade protection that country Y could use to reduce the imports of steel from country X?
- Aapply anti-dumping tariffs
- Bincrease interest rates
- Crevalue the currency
- Dsubsidise the export of steel
As printed in the paper
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Correct answer: A. apply anti-dumping tariffs
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