Economics 2281 · O Level · Globalisation, free trade and protection

Globalisation, free trade and protection — practice question

A country places a quota on cars brought in from abroad. What is the most likely result of this measure?

  • Aa decrease in the domestic output of cars
  • Ba decrease in the domestic price of cars
  • Can increase in the tax revenue from car imports
  • Dan increase in the total revenue of domestic car producers

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