Economics 0455 · IGCSE · Globalisation, free trade and protection

Globalisation, free trade and protection — practice question

The US introduced tariffs on cars and motorcycles imported from Germany. What effect do these tariffs have?

  • Adecrease in inflation in the US
  • Bdecrease in trade between the US and Germany
  • Cincrease in profits of car and motorcycle producers from Germany
  • Dincrease in standards of living in the US and in Germany

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