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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

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Kristin
4 months ago
Definitely, prices will rise due to reduced supply.
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Billy
4 months ago
I thought quotas would raise prices, not lower them?
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Nikita
4 months ago
Wait, how does that affect prices?
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Wynell
4 months ago
Totally agree, quotas limit imports!
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Lorean
4 months ago
The quantity of imports into country A will fall.
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Carolann
5 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
5 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
5 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
5 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
5 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
5 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
5 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
5 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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