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Economics · Oct / Nov 2025 · Paper 12 · Question 28

2281Globalisation and trade restrictions

An economy raises its tariffs on imported goods. What is the most likely result?

  1. Aa fall in the rate of inflation
  2. Ban increase in consumer choice
  3. Can increase in domestic production
  4. Dthe current account of the balance of payments moves into a deficit

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Correct answer: C. an increase in domestic production

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