Question 5(b)
[Maximum number: 12]
Assess whether all consumers, all producers and the government in a country will benefit equally from protectionism.
CAIE A-Level Economics 6.2.3 Arguments for and against Protectionism
Practise evaluating infant and strategic industry, anti-dumping and employment arguments against higher prices, weaker choice, inefficiency, retaliation and lost trade gains.
How this is tested
- apply infant-industry, strategic, anti-dumping or transition arguments to the stated economy
- trace tariffs or quotas to domestic price, output, imports, consumer choice and government revenue
- evaluate temporary gains against inefficiency, retaliation, enforcement and unequal stakeholder effects