Economics 9708 · AS & A Level · Protectionism

Protectionism — practice question

(a)[8]

Explain the distinction between an import tariff and an import quota and consider why a government might prefer an import tariff to an import quota as a tool of protection in international trade.

(b)[12]

Assess whether the theories of absolute and comparative advantage are seriously weakened by their various limitations.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “AO1: What an import tariff means as a tool of protection (up to 2 marks) and what an import quota means as a tool of protection (up to 2 marks).” …

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