Economics Multiple Choice Question – 7 May 2021

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Economics
sacks of coffee beans
Photo by Kelly Lacy on Pexels.com

When will the imposition of a tariff by a country on the goods and services of its major trading partners reduce the country’s expenditure on imports?

Select ONE answer:

  1. when the income elasticity of demand for imports is greater than 1
  2. when the price elasticity of demand for imports is greater than 1
  3. when the price elasticity of demand for imports is less than 1
  4. when the price elasticity of supply of imports is greater than 1

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 2

  1. Not correct
  2. Correct
  3. Not correct
  4. Not correct

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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