Economics 0455 · IGCSE · Globalisation, free trade and protection

Globalisation, free trade and protection — practice question

What is the most likely consequence of a reduction in tariffs?

  • Aincreased inflation rates
  • Bincreased consumer choices
  • Cincreased government revenue from tariffs
  • Dincreased revenues of domestic firms

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI