IB Economics HL 4.3.2 Arguments against trade protection Question Bank

Level

Marks

0

The work does not meet a standard described by the descriptors below

1

The written response is limited

1-2

For a limited explanation of one reason, award a maximum of [1]. For an accurate explanation of one reason OR a limited explanation of two reasons, award a maximum of [2].

2

The written response is accurate

3-4

For providing an accurate explanation of one reason AND a limited explanation of a second reason award a maximum of [3].

For providing accurate explanations of two reasons award a maximum of [4].

Reasons may include:
- The price of wheat has been rising; it had increased by 35 % in 6 months. Elimination of the tariff would keep wheat prices low and help to maintain the competitiveness of Turkish flour (in its export markets).
- Russia had recently decided to introduce a tax on its wheat exports. Elimination of the tariff would keep wheat prices low and help to maintain the competitiveness of Turkish flour (in its export markets).
- Elimination of the tariff would decrease the costs of producing wheat and thus the price of flour in Turkey, reducing inflationary pressure.
- By eliminating the tariff on wheat imports, Turkey may hope that Russia will reciprocate and eliminate the tax on wheat exports.
- The Turkish government supports trade liberalization as a policy for efficiency / growth / development / diplomacy
- There may have been a poor harvest in Turkey and thus the policy would help to prevent the domestic wheat price from increasing / ensure food security
- Any other valid reason.