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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Which of the following is a valid argument for trade protection based on national security concerns?
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Trade protection may lead to a "trade war" when:
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Outline the role of the WTO in promoting free trade.
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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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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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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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Explain two arguments against the use of trade protection.
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Outline two arguments for protecting domestic industries from foreign competition.
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2022
Explain two reasons why Vennland's government might have scrapped the tariff on imported rice.
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2022
Explain two arguments against the tariff on imported rice that Vennland's government may have accepted.
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Explain how trade protection can lead to a misallocation of resources.
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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
Explain how a government might use a tariff to counter dumping and to give a new industry time to develop.
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2026
Explain two arguments a government might use to justify restricting imports.
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