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IB Economics SL 4.3 Arguments for and Against Trade Control Protection Questions

Practise evaluating trade protection with IB Economics SL questions that weigh infant-industry, dumping, growth, stakeholder and retaliation arguments against free trade.

Syllabus
First assessment 2022
Course
IB Economics
Level
SL

Exam points

  • Explain arguments for trade protection, including infant-industry, employment, diversification, strategic and anti-dumping arguments.
  • Explain arguments against trade protection, including higher prices, reduced choice, inefficiency, retaliation and resource misallocation.
  • Evaluate free trade versus protection using stakeholder impacts, development context, efficiency, equity and long-run adjustment evidence.

Covered syllabus points

4.3.1—Arguments for trade protection4.3.2—Arguments against trade protection4.3.3—Free trade versus protection

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