Unit 4: The Global Economy
Topic 4.3: Arguments for and Against Trade Protection Questions
Practice 20 exam-style questions for IB Economics Topic 4.3. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
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The infant industry argument for trade protection suggests that:
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The infant industry argument for trade protection suggests that:
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Which of the following is an argument against trade protection?
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Which organisation promotes the reduction of trade barriers between its member countries?
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Which organisation promotes the reduction of trade barriers between its member countries?
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Which of the following is an argument against trade protection?
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Trade protection may reduce economic efficiency because:
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Explain the infant industry argument for trade protection.
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Define dumping and explain how anti-dumping measures can protect domestic producers.
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Explain how trade protection might be used to raise government revenue.
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Explain two arguments against the use of trade protection.
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Explain why trade protection may reduce incentives for domestic firms to innovate.
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Trade protection may lead to a "trade war" when:
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Outline the role of the WTO in promoting free trade.
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Explain why trade protection may reduce incentives for domestic firms to innovate.
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Explain how trade protection might be used to raise government revenue.
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Define dumping and explain how anti-dumping measures can protect domestic producers.
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Explain the infant industry argument for trade protection.
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Which of the following is a valid argument for trade protection based on national security concerns?
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A government imposes a tariff on imported steel to prevent foreign producers from selling below cost. This is an example of which argument for trade protection?
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