Economics · Unit 4: The global economy

EC4.2 — Types of trade protection

Economics · SL / HL · syllabus-mapped notes

1. EC4.2.1

   Tariffs

   Draw a tariff on a diagram and calculate its effects on price, quantity, government revenue and each group of stakeholders.

2. EC4.2.2

   Quota

   Draw a quota on a diagram and calculate its effects on markets and stakeholders.

3. EC4.2.3

   Subsidy/export subsidy

   Draw a production or export subsidy on a diagram and calculate its effects on markets and stakeholders.

4. EC4.2.4

   Administrative barriers

   Evaluate administrative barriers: standards and regulations, as a form of trade protection.