Economics 9708 · AS & A Level · Protectionism

Protectionism — practice question

The diagram illustrates the introduction of a tariff on imports. Which combination of values is correct?

  • Aimports before tariff OQ4; imports after tariff OQ3; tax revenue PUTS
  • Bimports before tariff OQ4; imports after tariff OQ3; tax revenue QUTR
  • Cimports before tariff Q1Q4; imports after tariff Q2Q3; tax revenue PUTS
  • Dimports before tariff Q1Q4; imports after tariff Q2Q3; tax revenue QUTR

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