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Learning objective

Explore various protection methods such as tariffs, import quotas, subsidies, and embargoes.

Read the explanation, check the common trap, then practise with flashcards and questions.

Exam focus

  • Read the explanation.
  • Check key terms.
  • Practise with linked questions.
Cambridge IGCSE EconomicsInternational trade and globalisation

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Quick explanation

Explore various protection methods such as tariffs, import quotas, subsidies, and embargoes

  • This point belongs to Globalisation, free trade and protection, especially Globalisation, free trade and protection outcomes.
  • You need to be able to explore various protection methods such as tariffs, import quotas, subsidies, and embargoes.
  • The key ideas to know are Explain and Describe.
  • Use the linked flashcards and practice questions to check recall, then practise applying the idea in an exam-style answer.

Key concepts

ExplainDescribe

Why it matters

This objective helps connect Globalisation, free trade and protection outcomes to exam-style questions, flashcards, and revision notes for Globalisation, free trade and protection.

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Paper 2 structured question: Globalisation, free trade and protection

Paper 2Structured Questions1 marks

Description

Impact of Tariffs on Local Industry

The introduction of tariffs on imported steel is expected to raise prices for consumers and increase revenue for the government.

  1. a

    State one reason why the government might impose tariffs on imported steel

    Aim for approximately 1 distinct marking point.

    [1]
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