CAIE A-Level Economics AS 6.2 Protectionism Questions
Practise explaining protectionism, comparing policy tools and evaluating their effects on imports, prices, producers and consumers.
- Syllabus
- 2026–2028
- Course
- Economics 9708
- Level
- AS
Practise explaining protectionism, comparing policy tools and evaluating their effects on imports, prices, producers and consumers.
In which economic context is the term 'protectionism' usually applied?
the protection of consumers against excessive prices
the protection of employees against exploitation by multinational companies
the protection of local producers against foreign competitors
the protection of the foreign exchange rate against currency speculators
C
What is not an example of protectionism?
export subsidies
import subsidies
quotas
tariffs
B
Which policy would not be an argument for the use of import tariffs?
They are an effective way of raising revenue.
They improve the balance of payments on a current account.
They improve a nation's terms of trade in a bilateral agreement.
They may lead to retaliation by trading partners.
D