Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
Suggested Answer: C

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

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA1-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Kristin
8 months ago
Definitely, prices will rise due to reduced supply.
upvoted 0 times
...
Billy
9 months ago
I thought quotas would raise prices, not lower them?
upvoted 0 times
...
Nikita
9 months ago
Wait, how does that affect prices?
upvoted 0 times
...
Wynell
9 months ago
Totally agree, quotas limit imports!
upvoted 0 times
...
Lorean
9 months ago
The quantity of imports into country A will fall.
upvoted 0 times
...
Carolann
9 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.
upvoted 0 times
...
Alison
9 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.
upvoted 0 times
...
Louis
9 months ago
I'm not entirely sure, but I remember something about quotas leading to higher prices for imports. Maybe option A is correct?
upvoted 0 times
...
Josue
9 months ago
I think the quota will definitely reduce the quantity of imports, so I’m leaning towards option C.
upvoted 0 times
...
Omega
10 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.
upvoted 0 times
...
Vernice
10 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.
upvoted 0 times
...
Judy
10 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.
upvoted 0 times
...
Latrice
10 months ago
I think a transit privilege could maybe involve stopping shipments, but I'm not sure if it's specifically for transforming products.
upvoted 0 times
...

Save Cancel