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IB Economics HL 4.2.5 Trade protection calculations Question Bank

Practise IB Economics HL 4.2.5 by applying trade protection calculations concepts to exam-style questions.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • identify the relevant model, concept or evidence
  • apply the correct subject framework to the question
  • evaluate the result using clear evidence and subject terminology

4.2.5 (HL)—Trade protection calculations question 1

[Maximum number: 1]

The following diagram illustrates the domestic market for rice in Country Alpha. This diagram will be used for several of the following questions.

Figure for Question 4.2.5 (HL)—Trade protection calculations question 1 — IB Economics HL

Alpha's government decides to impose a $2\$ 2 tariff on each kilogram of imported rice. Using the diagram on page 10, calculate the government revenue that results from the imposition of the tariff.

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