Unit 4: The Global Economy
Topic 4.3: Arguments for and Against Trade Protection Questions
Practice 20 exam-style questions for IB Economics Topic 4.3. Review the question stems below, then unlock the full Question Bank to access markschemes, model answers, and AI grading.
11 mark
The infant industry argument for trade protection suggests that:
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Which organisation promotes the reduction of trade barriers between its member countries?
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Which of the following is an argument against trade protection?
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Define dumping and explain how anti-dumping measures can protect domestic producers.
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Trade protection may reduce economic efficiency because:
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Which of the following is a valid argument for trade protection based on national security concerns?
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A government imposes a tariff on imported steel to prevent foreign producers from selling below cost. This is an example of which argument for trade protection?
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Trade protection may lead to a "trade war" when:
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Outline two arguments for protecting domestic industries from foreign competition.
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Outline the role of the WTO in promoting free trade.
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Explain two arguments against the use of trade protection.
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Explain why trade protection may reduce incentives for domestic firms to innovate.
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Explain how trade protection might be used to raise government revenue.
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Explain the infant industry argument for trade protection.
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2026
Evaluate a country's decision to impose trade protection on imports of a manufactured good.
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Protecting domestic jobs from foreign competition is an argument for trade protection. A potential problem with this argument is that:
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2026
Using real-world examples, discuss the view that free trade raises living standards more than trade protection does.
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2026
Using real-world examples, discuss whether protecting infant industries is an effective way to promote economic growth.
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Explain how trade protection can lead to a misallocation of resources.
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2026
Discuss the advantages and disadvantages of imposing trade protection.
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