IB Economics HL 4.2 Types of Trade Protection Questions

Practise tariff, quota and subsidy diagrams alongside HL evaluation of trade wars, exporter revenue, government effects, consumer surplus and wider welfare.

Exam points

Define tariffs, quotas, subsidies and administrative barriers as forms of trade protection.
Analyse protection diagrams and calculate changes in prices, quantities, welfare, government revenue or expenditure where required.
Evaluate trade-protection policies, including tariffs, quotas, subsidies and administrative barriers, against stakeholder impacts, efficiency, equity and retaliation risks.

Covered syllabus points

4.2.1—Tariffs 4.2.2—Quotas 4.2.3—Subsidies and export subsidies 4.2.4—Administrative barriers 4.2.5 (HL)—Trade protection calculations

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