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2.4 International trade and the global economy

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Question 14

The UK government places a tariff on bicycles imported from other countries.

Which outcome is most likely?

[1]
A

UK bicycle producers pay the tariff, increasing the cost of bicycles they make.

B

Imported bicycles become more expensive, making UK-produced bicycles more attractive to buyers.

C

UK bicycle producers receive a payment that lowers their production costs.

D

The number of bicycles allowed into the UK is limited, whatever price is charged.

Markscheme

2.4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /2.4 International trade and the global economy

118 exam-style questions on AQA GCSE Economics 2.4 International trade and the global economy, covering 2.4.1a The importance of trade, 2.4.1b Advantages of trade and interdependence, 2.4.1c UK exports and imports, 2.4.2a How exchange rates are determined, 2.4.2b Effects of exchange rate changes, 2.4.3a Free-trade and its arguments, 2.4.3b Free-trade agreements such as the EU, 2.4.4a Features and growth of globalisation, 2.4.4b Benefits and drawbacks of globalisation, and 2.4.4c Moral, ethical and sustainability considerations. Each one has a worked solution and a mark scheme showing where the marks go.

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