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Cambridge IGCSE Economics practice

Which protection method can lead to higher consumer prices?

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Show answerGlobalisation, free trade and protection revisionRevise the key idea

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Globalisation, free trade and protection

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Which protection method can lead to higher consumer prices?.

  1. A.Subsidy
  2. B.Tariff
  3. C.Import quota
  4. D.Embargo

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Paper 2 structured question: Globalisation, free trade and protection

Paper 2Structured Questions1 marks

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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]