The diagram shows the international trading position of a country that had tariffs on imports. The country removed the tariffs on imports.
A.
B.
C.
D.
Exam No:9708_s25_qp_34 Year:2025 Question No:24
Answer:
D
Knowledge points:
11.6.3 trade creation and trade diversion
6.2.2.1 tariffs
6.2.2.2 import quotas
6.2.2.3 export subsidies
6.2.2.4 embargoes
6.2.2.5 excessive administrative burdens (‘red tape’)
Solution:
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