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CIMAPRA17-BA1-1 Exam - Topic 1 Question 53 Discussion

If country A imposes a quota on imports from country B, what is the direct effect of the quota?
C) The quantity of imports into country A will fall
A) The price of imports into country A will rise
B) The price of imports into country A will fall
D) The quantity of imports into country A will rise

CIMAPRA17-BA1-1 Exam - Topic 1 Question 53 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 53
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

If country A imposes a quota on imports from country B, what is the direct effect of the quota?

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Suggested Answer: C

by Katina at Jun 19, 2022, 06:36 AM

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Kristin
10 months ago
Definitely, prices will rise due to reduced supply.
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Billy
10 months ago
I thought quotas would raise prices, not lower them?
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Nikita
10 months ago
Wait, how does that affect prices?
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Wynell
11 months ago
Totally agree, quotas limit imports!
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Lorean
11 months ago
The quantity of imports into country A will fall.
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Carolann
11 months ago
I’m a bit lost here. I thought quotas could also affect prices, but I can't recall if they always go up or down.
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Alison
11 months ago
I practiced a similar question, and I think the main effect of a quota is to limit the amount of goods coming in, which makes me think option C is right.
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Louis
11 months ago
I'm not entirely sure, but I remember something about quotas leading to higher prices for imports. Maybe option A is correct?
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Josue
11 months ago
I think the quota will definitely reduce the quantity of imports, so I’m leaning towards option C.
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Omega
11 months ago
Hmm, I'm a bit unsure about this one. The options seem similar, so I'll need to carefully read through each one to understand the differences between the ergonomic issues.
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Vernice
11 months ago
Okay, I think I've got a strategy here. I'll start by comparing the Return-Path and Received fields to see if there are any discrepancies that could indicate a problem.
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Judy
11 months ago
I'm a little confused by the wording of some of these options. Are they all truly aspects of the rational strategy model, or could some of them be more related to other strategic approaches? I'll have to think this through carefully.
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Latrice
11 months ago
I think a transit privilege could maybe involve stopping shipments, but I'm not sure if it's specifically for transforming products.
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