IB Economics HL 4.2.5 Hl Trade Protection Calculations Topic Practice

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Study 4.2.5 (HL)—Trade protection calculations conceptsOpen the corresponding Concept lesson for explanations, examples and exam connections.

Question 1

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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 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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