Economics 0455 · IGCSE · Globalisation, free trade and protection

Globalisation, free trade and protection — practice question

For developed economies, it is less expensive to import some cereals from developing economies than to grow them themselves. What could lessen international trade in cereals?

  • ACereals become less popular with the population of developing economies.
  • BDeveloped economies place an embargo on cereal imports to prevent disease.
  • CGovernments tax cereal production in developed economies.
  • DProducers of cereals in developing economies are subsidised.

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