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.
Economics
IGCSE&ALevel
CAIE
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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