Skip to content

Course home

Sign up

4 International trade and the global economy

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150151152153154155156157158159160161162163164165166167168169170171172173174175176177178179180181182183184185186187188189190191192193194195196197198199200201202203
Question 33

Overseas manufacturers start supplying standard electric kettles to UK shops at lower prices than UK manufacturers charge.

What is the most likely effect on the prices that UK kettle manufacturers can charge?

[1]
A

They are likely to rise, as UK firms must spread their costs over fewer sales

B

They are likely to rise, as UK-made kettles become scarcer once the imports arrive

C

They are likely to stay the same, as imports only add to the choice of kettles on sale

D

They are likely to be held down, as shoppers can switch to the cheaper imported kettles

Markscheme

4 International trade and the global economy Questions

  1. GCSE
  2. /Economics
  3. /4 International trade and the global economy

Question bank