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.
11 mark
Which of the following is an argument against trade protection?
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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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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 organisation promotes the reduction of trade barriers between its member countries?
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Define dumping and explain how anti-dumping measures can protect domestic producers.
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Outline two arguments for protecting domestic industries from foreign competition.
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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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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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Outline the role of the WTO in promoting free trade.
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Trade protection may lead to a "trade war" when:
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Trade protection may reduce economic efficiency because:
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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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Which of the following is a valid argument for trade protection based on national security concerns?
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Explain the infant industry argument for trade protection.
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Explain how trade protection might be used to raise government revenue.
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Outline two arguments for protecting domestic industries from foreign competition.
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