Intellectual Olympiad in International Economics - 2026 ongoing

Subject: International Economics
Level: IX
Category: student
Quiz questions: in English
Example question: A country imposes a binding import quota in a large-country model. Which combination best describes a possible effect relative to free trade? Domestic consumers gain, domestic producers lose, and the quota country’s terms of trade worsen, Domestic price falls, quota rents disappear, and national welfare necessarily rises, Domestic price rises, domestic producers gain, and the country may improve its terms of trade, Domestic production falls, imports increase, and consumer surplus rises