Economics 9708 · AS & A Level · Protectionism

Protectionism — practice question

(a)[8]

Using two tools of protection, explain what is meant by protectionism and judge how far these two tools may help an economy.

(b)[12]

Assess the extent to which the principle of comparative advantage should be the main factor countries consider when deciding whether to trade with each other.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: Protectionism shields domestic industries from foreign competition.

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