What is a likely effect on domestic producers when import barriers are removed?
[1]
A
They face less competition
B
They may face stronger competition from overseas firms
C
Their market becomes a monopoly
D
They no longer need to be efficient
Markscheme
4.1 Importance of international trade Questions
21 exam-style questions on OCR GCSE Economics 4.1 Importance of international trade, covering 4.1.1 Why countries import and export and 4.1.2 Free trade agreements. Each one has a worked solution and a mark scheme showing where the marks go.